SIS to acquire AP Securitas in two tranches by 2029

SIS Limited's board of directors approved the acquisition of 100% shareholding in A P Securitas Private Limited (AP Securitas), a provider of security and facility management services. The acquisition will occur in two tranches, with the first in 2025 and the second by 2029. SIS has already signed definitive agreements for the transaction.

Initially, SIS will acquire a 51% stake in AP Securitas, with the remaining shares to be acquired by 2029 to achieve 100% ownership. An interim consideration of INR 73.40 Crores will be paid, subject to Net Debt and Net Working Capital adjustments. The final purchase price for the 51% stake will be determined at the closing date, and the total cost for 100% equity will be finalized after the second tranche.

AP Securitas, which includes subsidiaries Proton Facility Solutions and Scientific Security Management Services, reported an unaudited revenue of INR 1,119 Crore for FY25, with over 37,500 employees and 1,000+ clients. This acquisition is expected to bolster SIS's position in the Indian security services industry.