Joint Venture Agreement
06 4월 2011 - 6:08PM
RNS Non-Regulatory
TIDMCMG
Croma Group PLC
06 April 2011
Croma Group PLC ("Croma" or "the Group")
Joint Venture Agreement
Croma Group PLC, the AIM listed total security services provider
is pleased to announce that the Group has signed a Joint Venture
Agreement with CSS Total Security Ltd ("CSS").
CSS has significant expertise in the design and installation of
integrated security and fire systems to commercial and domestic
clients. The Joint Venture will give Croma a total security service
capability, and is a further step towards achieving the Board's
strategy of focusing on the facilities services sector as the
Group's primary driver of growth.
Commenting on the Joint Venture Sebastian Morley, Chief
Executive of Croma, said:
"The joint venture with CSS will greatly enhance our security
offering to our respective clients. We have been looking for an
integrated systems partner for some time and CSS is the only
business we have found which has a similar ethos and can provide
client synergies. We are delighted with the venture which will see
Photobase, Croma's biometric identity business, continue under the
management of CSS."
Croma Group PLC:
Sebastian Morley, CEO Tel: 07768 006909
Brewin Dolphin (NOMAD):
Derrick Lee Tel: 0845 213 2072
This information is provided by RNS
The company news service from the London Stock Exchange
END
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