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The NACOSS approved company, specialists in intruder alarms and CCTV, are based on the Team Valley Trading Estate in Gateshead. Under Managing Director, Malcolm Southern, Wares employed a staff of 55 who are being integrated into the ADT workforce.
This brings the total ADT workforce in the North East to more than 300, and the company – the biggest installer in the industry – "is aiming to grow at all levels throughout 2001"
Wares has three branches in Gateshead, Leeds and Livingston, and customers throughout Northern England, Scotland and the Midlands who will come under the ADT wing. The company will lose its former name and trade as ADT.
Steve Foster, GM of ADT Fire & Security, Gateshead said: The acquisition is a major feat … and once again emphasises our commitment to the North East.
"The workforce of Wares Security Systems is extremely talented and well trained and will be a huge asset to ADT". The company is now one of the biggest employees in the North East and it hopes to create "a significant number of vacancies" this year.
A list of the 135 "most attractive companies to buy" in the security industry has been compiled by Plimsoll in its Buying or Selling Acquisition Guide.
It puts a current and future "price tag" on 1,000 companies in the industry. The 135 most attractive companies could increase in future value by at least 50 per cent within one year. Currently 131 of them are loss making and all of them carry pre-tax profits far below average.The most attractive companies showed the greatest gap between current and future value.
"Valuing a company is complex" says Plimsoll GM, David Pattison. "A balance must be made between current worth and what it might be worth in the future."
ADT takes over WaresThe NACOSS approved company, specialists in intruder alarms and CCTV, are based on the Team Valley Trading Estate in Gateshead. […]
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