Garda World Security Corporation
TSX : GW

Garda World Security Corporation

January 18, 2006 08:00 ET

Garda Concludes the Acquisition of Vance International

MONTREAL, QUEBEC--(CCNMatthews - Jan. 18, 2006) - Garda World Security Corporation (TSX:GW), one of North America's leading providers of security, cash handling and investigative services, is pleased to announce today that it has completed the acquisition of Vance International, Inc., from SPX Corporation, that was announced on November 28, 2005.

Vance is headquartered in Virginia, and has additional U.S. offices in Boston, New York and Miami, and international offices in London and Mexico City. Vance is a global investigation and security firm known for its expertise in managing risks. With over 3,700 employees who bring highly specialized solutions to its clients, Vance has more than 20 years of experience and is one of the most trusted investigation and security consulting firms in the world. Founded in 1984, Vance was acquired by SPX Corporation in 2002 and today the company has annual revenues of US$155 million.

This transaction is expected to have a positive impact on next year's results.

About Garda

Garda is a well-established leading provider of security and cash handling services in North America. The company employs over 14,000 people and is headquartered in Montreal, with offices from coast-to-coast in Canada, as well as in the United States, Mexico and Europe. The company, known for its Total Security Solutions approach, provides consultation & investigations, physical security, employment background check and cash handling services.

Recognized for its competence in addressing the most complex security issues, Garda has built a solid reputation among companies in both traditional and new-economy industries. Garda plays an active role in the consolidation of the security market. Through a series of strategic acquisitions and strong internal growth, Garda is recognized as one of the fastest growing companies in North America. With its unique competitive position, Garda is set to take full advantage of its positive growth for its customers and shareholders alike. Garda is also the sole shareholder of Keyfacts, Canada's largest provider of search and retrieval services for investigative purposes. Website: www.gardaglobal.com.

FORWARD-LOOKING INFORMATION -- This press release contains forward-looking statements reflecting Garda objectives, estimates, expectations and impact of the acquisition on Garda's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Garda's projections or expectations.

Contact Information

  • Garda
    Nathalie de Champlain
    Vice President, Communications
    (514) 281-2811 ext. 2800 or (800) 859-1599 ext. 2800
    or
    Morin Public Relations
    Laird Greenshields
    (514) 289-8688 or (514) 712-3252 (Cell)