Announced
Financials
Tags
Pending
Security Services
France
Private
Friendly
Acquisition
Private Equity
Single Bidder
Domestic
surveillance systems
Majority
Synopsis
Crédit Mutuel, a private equity firm, agreed to acquire Protection 24, a company developing remote surveillance, from BNP Paribas, a French international banking group. Financial terms were not disclosed. “After the payments deal with Lyf, this strategic partnership will further consolidate relations between our two groups. This industrial project will enhance capacity for both our groups to offer customers high-quality remote surveillance solutions, together with continued growth prospects in France and Belgium," Thierry Laborde and Marguerite Bérard, BNP Paribas Deputy COO and Head of French Retail Banking.
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