I-SEC Further Expands in Europe through Strategic Acquisition

摘要

I-SEC has acquired all shares in a German aviation security company that operates at Frankfurt Airport, employing over 400 security agents. The acquisition, which was financed with its own capital, is expected to increase the annual revenue of I-SEC by €14 million and to render the company further opportunities at Frankfurt Airport and the rest of the German market in the near future. This acquisition reinforces l-SEC's commitment to investment in key markets with high standard security service requirements. The acquired company is renamed "I-SEC Deutsche Luftsicherheit GmbH" and is a wholly-owned subsidiary of I-SEC.