G4S today announces the acquisition by G4S Regional Management (UK&I) Limited of Broomco (4233) Limited, a special purpose company which owns the offender monitoring technology operations of Guidance Limited and its subsidiary companies (“Guidance Monitoring”), a leading international supplier of offender monitoring technology to governments across the world. Guidance Monitoring was acquired from Malcolm Roberts, David Parry, John Potter, Russell Miles, Comvest Limited and a number of employees of Guidance Monitoring and has gross assets of £10 million.
Guidance Monitoring designs and manufactures a range of state-of-the-art electronic monitoring technologies, including hardware and software used for offender monitoring and tracking. This acquisition will further develop G4S’s capability to deliver secure people-monitoring solutions to customers in both existing and new markets.
G4S has worked with Guidance Monitoring since 2001 and currently uses its technology to deliver electronic monitoring services to the Ministry of Justice in the UK. In addition, Guidance Monitoring also has contracts to supply the governments of Norway, France and Saudi Arabia. Guidance Monitoring offers a full range of innovative products which utilise GPS, radio frequency and biometric technology.
David Taylor-Smith, Regional CEO, G4S UK & Africa, commented: “We are very pleased to welcome the Guidance Monitoring team to G4S as we have used their technology in our electronic offender management solution for over ten years. We believe their market-leading technology provides the best platform for future global expansion in the offender monitoring marketplace and we look forward to working with them to build this business in the UK and overseas.”