LONDON: Westminster Group Plc, a leading supplier of managed services and technology-based security solutions worldwide, has announced the acquisition of the entire issued share capital of French aviation security and support services company Euro Ops SRL along with the business and assets of Euro Ops International SRL.[the_ad id=”31605″]Acquisition provides Westminster with a French based subsidiary with increased access to Francophone countries; Strategically structured deal – acquiring non-trading sister company which provides the benefits of the business activities of Euro Ops Int. without any past incumbrances; Operates in aviation sector expanding Westminster’s geographic coverage; Expands Westminster’s business clients and contacts in the sector; Additional revenue streams to the Group; Euro Ops owner and director highly qualified and well respected in the sector; Expected maximum cost of £30k, subject to working capital requirements of the business.
Euro Ops is a French based aviation security and support services company which, through its sister company, Euro Ops International, provides aviation support services such as Airport Security, Aircrew Management, Humanitarian Logistics, Operations & Dispatch, Ground Handling etc.
The business operates primarily in emerging markets particularly in Francophone Africa providing humanitarian assignments and is responsible for sending teams all over the world to assist the UN and NGO’s.
The acquisition of Euro Ops not only provides Westminster with a French base but also expands the Company’s experienced and qualified aviation management team.
A French based operation is strategically important for the Company enabling better access to Francophone countries, particularly in Africa, which offer considerable business opportunities for Westminster. The French office will also complement our German operation providing the Company with a broader European footprint.
Euro Ops is a small company, but it provides Westminster with new customers and an additional revenue stream with exciting growth potential whilst Vincent Toscani himself brings additional skills, contacts, and access to contracting manpower to the Group.
Commenting on the acquisition of Euro Ops, Peter Fowler, Chief Executive of Westminster Group, said: “I am delighted to be able to announce the acquisition of Euro Ops. We have been exploring ways to develop the Francophone market for some time and the acquisition of Euro Ops now provides us with an ideal opportunity to grow our business in such regions, both from Euro Ops existing business activities and also through the expansion of Westminster’s airport and managed services business.
“I am equally delighted that Vincent Toscani will remain with the business. Vincent is a knowledgeable and well-respected operator within the sector and is a valuable addition to our airport security management team and will help drive the business forward.”
Commenting on joining Westminster, Vincent Toscani, founder of Euro Ops said: “Having provided services to Westminster in the past I have always been impressed by their professionalism and I am now very happy to be part of the Group. My team and I are excited about growing our business and delivering new business opportunities given the reputation, experience and professional support of Westminster.”