Corps Security, the UK’s leading supplier of specialist security solutions, has announced that it has agreed terms for the sale of its Papua New Guinea (PNG) operation to G4S. Contracts have already been exchanged and the sale will be completed once PNG’s regulatory controls have been met.
G4S already has an operation in PNG and the existing Corps Security operation, including its general manager Andrew Cannock, will transfer to the new owner in due course.
With over 3,000 licensed security staff and a team of expert managers and consultants operating from a network of 12 regional offices around the UK, combined with a CCTV monitoring centre based in Glasgow, Corps Security’s PNG division was its only operation outside the UK. Following a review of its existing structure, the management of the company decided to focus its resources on developing business within its home territory.
Under terms agreed with G4S, Corps Security fully expects that its former customers will continue to receive the high level of service they have come to expect and employees will also benefit from being part of a larger local operation.
Corps Security’s chief executive, Peter Webster, said, ‘We are immensely proud of what we have achieved in PNG and are very pleased that we have managed to find a buyer that will continue to give the business the focus and investment that it deserves. While the decision to sell was not an easy one, it forms a key part in our ongoing strategy of enhancing Corps Security’s position as the most respected and expert security solutions provider in the UK.’