Allied Universal has announced the divestiture of its South African Cash Solutions (SA Cash) cash transport business to IZi Africa Properties.
The company notes that SA Cash was operated under Allied Universal’s G4S international brand.
The company notes that the divestiture enables the company to focus on high-growth market segments and streamline international operations.
It also highlights its deep commitment to employee safety. The divestiture of SA Cash will be accretive to Allied Universal’s earnings and increases free cash flow.
“This transition will benefit both organisations”
Steve Jones, Global Chairman and CEO, Allied Universal commented: “This strategic decision enables us to sharpen our focus on core operations and long-term growth.
“As we continue to evolve, our commitment to employee safety and well-being remains at the heart of everything we do.
“We are confident that this transition will benefit both organisations while ensuring continued support for our teams and the clients they serve,” he concluded.
