This morning's RNS from CSSG provides further colour to the significant m&a / consolidation opportunities in security systems and locksmith's following the recent AGM update which outlined the potential divestment of CSSG's specialist guarding services. A price of c.£0.75m for Safecell Security Group equates to a sub-4x historic PBT multiple based on the eleven months to November 2022, an undemanding multiple in our opinion. Moreover, based in Manchester, the acquisition is highly complementa ....
20 Dec 2022
WH Ireland: Croma Security Solutions (CSSG) - Complementary acquisition in security and locksmiths's reflects significant m&a opportunities
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
WH Ireland: Croma Security Solutions (CSSG) - Complementary acquisition in security and locksmiths's reflects significant m&a opportunities
Croma Security Solutions Group PLC (CSSG:LON) | 68.5 0 0.0% | Mkt Cap: 9.40m
- Published:
20 Dec 2022 -
Author:
Nick Spoliar -
Pages:
4
This morning's RNS from CSSG provides further colour to the significant m&a / consolidation opportunities in security systems and locksmith's following the recent AGM update which outlined the potential divestment of CSSG's specialist guarding services. A price of c.£0.75m for Safecell Security Group equates to a sub-4x historic PBT multiple based on the eleven months to November 2022, an undemanding multiple in our opinion. Moreover, based in Manchester, the acquisition is highly complementa ....