Kings Secure Technologies (KST) has 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) T/A Silver Group.
Bob Forsyth, Chief Executive Officer of Kings Secure Technologies stated that KST has been in the fire and security sector for over 50 years: “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 world of fire and 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.