Bowmans advised New York-listed Tyco in relation to the ZAR 1.9 billion disposal of its entire equity stake in ADT Security, its security business in South Africa, to Fidelity Security Services, a member of the Fidelity Security Group. As the Fidelity Security Group is arguably Southern Africa’s leading integrated security solutions provider, the transaction has a significant impact on the sector. The addition of ADT to the Fidelity Security Group’s portfolio will significantly boost the Group’s armed response and security technology offering. It also affirms Fidelity Security Group’s, a 100% South African, 54.62% black owned company and BBBEE Level One Contributor, current position as the leading black empowered integrated security solutions provider in Southern Africa.
