Thursday, 1 March 2012
CASE 391 - G4S
G4S plc (formerly Group 4 Securicor) is a global security services company headquartered in Crawley, United Kingdom. It is the world's largest security company measured by revenues and has operations in more than 125 countries. With over 630,000 employees, it is the world's second-largest private sector employer (after Wal-Mart Stores). The worlds biggest electronic tagging company for people convicted of crimes.
G4S provides guarding services at various airports including Heathrow Airport, Oslo Airport, Brussels Airport, Schiphol Airport and OR Tambo Airport as well as at various facilities belonging to the US, UK, Canada and European Governments. It also operates custody facilities (including prisons) and electronic security systems. In addition, it provides cash management and logistics services for the main British and European Banks. G4S owns the Wackenhut Corporation, a leading provider of security services in North America. They are also involved in risk management activities, consultancy and support in areas where infrastructure is limited, including services for governments, international peace and security agencies and multi-national corporations. Services also include land-mine clearance, ordnance management and training services. G4S also provides revenue protection services for railway companies across the UK. The company is a contractor in the UK Government's 'Welfare to Work' scheme. It also plans to be the 1st private company to take control of a police station in Lincolnshire, UK with many more planned after this.
Jorgen Philip-Sorensen, 70, is investing heavily in Ecover, the ecological detergent and household cleaning brand. He has retired as chairman of G4S, formerly known as Group 4 Securicor, but retains a stake now worth £334m in the Surrey-based security company. He has sold £260m of shares in recent years and has other interests.