Kings Secure Technologies Acquires Silver Group
22 October 2020: Kings Secure Technologies (KST) today announced that it has signed a definitive agreement to acquire Luton-based supplier of fire safety systems, smoke ventilation and security technology solutions, Silver (UK) Ltd T/A Silver Group.
Bob Forsyth, Chief Executive Officer of Kings Secure Technologies stated: “KST has been a leader in the Fire & Security sector for over 50 years – our proposed acquisition of Silver Group will further expand this position. This combination has tremendous benefits for both companies, our customers, and the industry. Our exciting plans for the future will give us the capacity to compete in the innovative world of Fire & Security solutions at pace and scale.”
Silver Group will remain headquartered in Luton, Bedfordshire with Mario Vaianella as Business Lead. Commenting on the acquisition Mario said: “We look forward to building even better services in the future for our customers, with the backing of Kings’ resources and reach. Moving forward, we expect to combine our core strengths with Kings’ deep industry expertise in verticals like financial services, utilities, public sector and datacentres. I would like to take this opportunity to thank Sergio De Michele for the fantastic business that he has built over the last 15 years and to wish him every success for the future.”
KST was advised on the acquisition by Squire Patton Boggs’ Leeds Office, led by Senior Associate Louise Parker and Partner Paul Mann.
About the Kings Secure Technologies group of companies
Kings Secure Technologies (KST) is a leading group of companies providing specialist solutions within the Fire & Security sector and operating in a wide range of industries. With our head office based firmly in West Yorkshire and satellite offices in Scotland, the Midlands, London and the South East, we focus on delivering cutting-edge innovative solutions ensuring a full end-to-end risk management approach for our clients. Our fully-protected and highly-accredited Technology Monitoring Centres, alongside our data and incident trend app, DYMENSiON provide our clients with round-the-clock monitoring and intelligence-led analysis and reporting, actively preventing criminal activity on our clients’ sites.
About Silver Group
Silver Group was established over 15 years ago and is a leading name in the provision of fire safety systems, smoke ventilation and security technology solutions in the South East. The company has won a reputation for quality and expertise across the whole of the region and has gained the highest industry accreditations. For more information go to: www.silver-group.co.uk