Home News Parallel Security announces contract wins and acquisition

Parallel Security announces contract wins and acquisition

by Andy Clutton

Parallel Security GP Fire & Security with Francis Johnson (4th from right) and Matt Pengelly (far right)

Parallel Security has landed a contract providing a range of security services and solutions to a National Grid scheme in Snowdonia that will see the removal of a section of overhead line and its replacement with electricity cables buried in a tunnel underground.

The contract has led to the recruitment of an additional twelve staff, taking the total Parallel Security headcount to over 50. The company has further hired a sales director and an additional accounts manager.

Another development for the business has been the addition of a sister company, GP Fire & Security, which it has acquired and relocated to Parallel’s head office site on Mold Business Park. The company was previously based in Mold and continues to provide a range of fire, access control, intruder and CCTV systems.

Francis Johnson, Parallel’s Managing Director, said: “The acquisition of GP Fire & Security as a sister business is a great fit, enabling us to provide customers with both physical security and electronic systems solutions.”

Mel Pengelly, Commercial Director of Parallel Security and GP Fire & Security, said: “We have already doubled the size of GP Fire & Security since the acquisition earlier in 2023 through developing new customers and providing added value services to existing clients from both businesses.

“The growth of the two companies means we expect to create up to another five jobs between now and the end of this year.”

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