Security and Intelligence Services to acquire 60% stake in Singaporean Henderson Group.

Security and Intelligence Services (India) signed an agreement to acquire a 60% stake each in Singapore-based Henderson Security Services and Henderson Technologies for SGD43m ($32m) in an all-cash deal. Under the terms of the deal, which is expected to close by February-end, SIS would acquire the remaining 40% stake each in the firms between October 2020 and April 2024. “Henderson is a highly reputed brand in Singapore and has an impressive client portfolio. The acquisition will give the company an entry into the Singapore market and this would help the company to expand its presence in the Asia Pacific region,” SIS said in a filing to the stock exchanges.