FINALISATION OF FIDELITY ADT TRANSACTION
FINALISATION OF FIDELITY ADT TRANSACTION – 16 MARCH 2017
Fidelity Security Group, Southern Africa’s leading integrated security solutions provider, announced on 16 March 2017, the financial conclusion of its acquisition of ADT South Africa from Tyco for R2 billion. The new entity, to be known as Fidelity ADT, will provide an end-to-end integrated security solution for customers across the commercial, public sector and residential markets.
Fidelity’s Group Chief Executive Officer, Wahl Bartmann’s message to their customers:
“In September last year, we announced that Fidelity Security Group had entered into an agreement with Tyco (NYSE: TYC) to acquire ADT South Africa, pending competition authority approvals.
Today, on our 60th birthday, it gives me great pleasure to announce the finalisation of this acquisition, which includes ADT South Africa’s residential and commercial services and operations and the ADT Kusela guarding business.
The addition of the new entity, called Fidelity ADT, will allow the Group to provide our commercial, public sector and residential customers with a totally integrated end-to-end security solution. The merger brings together two incredibly strong teams, each with deep industry knowledge and experience.
During the course of the next few days, weeks and months, you will begin to notice some differences. Some will be subtle, others more noticeable. All of these will be positive.
Initially, and perhaps even from today, you will begin to see a change in our branding, specifically in our armed response and technical solutions divisions, which will see dual branding (Fidelity and ADT logos) begin to appear on our vehicles, uniforms and marketing materials.
While these visual changes are necessary, it will be the changes to our service that will have a more important impact on you, your assets and loved ones.
By combining ADT’s armed response expertise and footprint in the residential market, as well as its security technology solutions, with Fidelity’s extensive capabilities in the guarding, cash solutions and integrated armed response sectors, we are creating a security company that will be able to protect its customers wherever they are.
Fidelity will provide ADT residential and commercial customers with a more integrated, proactive and robust security and guarding service in a localised community driven environment. This means that unlike other security companies that respond to crime that has already taken place, we will be able to proactively address and mitigate crime in the communities in which we work.
The merger also ensures Fidelity ADT’s customers have access to unsurpassed security technology solutions, such as central monitoring services, video surveillance and dispatch, and access control.
We will expand ADT’s fire detection and suppression solutions, an area of specialisation and technical expertise, as Tyco’s exclusive local distributor for its residential and commercial security products and specialised performance solutions for retail businesses. This will include the electronic article surveillance Sensormatic range of products used in the retail sector.
Importantly, we are proudly South African and proudly majority black owned.
The conclusion of the deal establishes Fidelity ADT as a 100% South African, 54.62% black owned company and BBBEE Level One Contributor.
We also have a significant presence.
Today, we have 168 points of presence across Southern Africa, support around 57,000 employees, and manage a fleet of 4 574 vehicles.
As Fidelity ADT, our pledge to you is that we will build on and further improve the service that you have received from us in the past.
Thank you for choosing Fidelity ADT. We look forward to protecting what is important to you with passion, integrity and commitment.”
HVCID looks forward to an ongoing relationship with Fidelity ADT.
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