The Competition Tribunal on Wednesday approved the large merger between Fidelity Security Services and ADT Security‚ with conditions.
These include that Fidelity Security must inform the Commission in writing of the implementation date of the merger within five business days of its occurrence. Fidelity Security also undertakes‚ for a period of 36 months from the implementation date‚ to notify Small Mergers in terms of the Competition Act.
Fidelity Group is an integrated security solutions provider. Its key areas of business include alarm monitoring and armed response services‚ cash solutions including cash-in-transit services‚ cash management solutions and guarding.
Target firm ADT’s offerings include armed response services‚ monitoring services delivered via monitoring centres‚ home protection‚ manned guarding and electronic article surveillance.
Fidelity Security plan to merge with ADT passes Competition Tribunal test
The Competition Tribunal on Wednesday approved the large merger between Fidelity Security Services and ADT Security‚ with conditions.
These include that Fidelity Security must inform the Commission in writing of the implementation date of the merger within five business days of its occurrence. Fidelity Security also undertakes‚ for a period of 36 months from the implementation date‚ to notify Small Mergers in terms of the Competition Act.
Fidelity Group is an integrated security solutions provider. Its key areas of business include alarm monitoring and armed response services‚ cash solutions including cash-in-transit services‚ cash management solutions and guarding.
Target firm ADT’s offerings include armed response services‚ monitoring services delivered via monitoring centres‚ home protection‚ manned guarding and electronic article surveillance.
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