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Westminster Group Plc Announces Completion Of Disposal Of Subsidiaries


Thursday, 28 Mar 2013 03:00am EDT 

Westminster Group Plc announced that the Group's two UK focussed subsidiaries (The Targets), RMS Integrated Systems Limited including CTAC (RMS) and International Monitoring Services Limited (IMS), are suppliers to UK domestic and commercial customers of alarm installation and alarm monitoring services respectively. These are clearly no longer synergistic with the increasing international focus of the Group as detailed above. Furthermore they operate in commoditised markets and are subject to pricing pressures. The Company announced that a management buyout (MBO) led by Mr. Shires Crichton, Managing Director of both RMS and IMS, has been now been completed. 

Company Quote

40.75
0.0 +0.00%
11:27am EDT