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Electra Acquires Security Business

MEDIA RELEASE

Friday, 5 December 2014

FOR IMMEDIATE RELEASE

Electra Acquires Security Business

Local electricity lines company, Electra, has announced that it has acquired Wanganui Security, a company providing a full range of monitoring, response and security services.

Earlier this week Electra Limited completed the full acquisition of Wanganui Security – a company providing a full range of security services both locally and nationally, including monitoring, response and security guard services.

Wanganui Security was established 30 years ago and will continue to operate from its current location, although the business will be renamed to reflect its wider market. All existing staff, including the original owners are expected to transfer with the business.

Chief Executive of Electra Limited, Neil Simmonds says the newly acquired business offers exciting opportunities, particularly in the area of monitoring. “We believe this business offers long term growth potential for Electra, especially as the areas of electronic monitoring and smart home technologies begin to converge.”

“Electra has a history of identifying and realising opportunities beyond its traditional electricity lines business,” explains Mr Simmonds. “We believe this new acquisition has the potential to increase our revenue streams and generate greater returns for our owners - the customers on our electricity network.”


[ENDS]

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