India’s leading Integrated Security & Facility Management Corporation –The Tenon Group, has announced the complete acquisition of Singapore based Security Service Company – Frontline Security Pte Ltd. Tenon Group had acquired 51% of Frontline in November 2015. The company will be rebranded as Peregrine Frontline Pvt Ltd.
The acquisition is in line with Tenon’s strategy of expanding its geographical footprint and growing the business through targeted acquisitions. The complete acquisition of Frontline Security establishes the Group as a credible player in Security & Facility Management in the Asian market and will benefit the clients at both domestic and international level. It will give the company a competitive edge while allowing it to offer a range of services in the Integrated Security Management domain across multiple geographies. It will also create efficiencies that will provide flexibility for the company to invest in people, technology and products as well as improve the company’s business profile. Peregrine, the security brand of Tenon will have a wider enhanced level of services across the spectrum of Security Solutions.
Commenting on the acquisition Major Manjit Rajain, Group Chairman said, “This complete acquisition aligns with our long-term strategy to be a global leader in the Security and Facility Management domain by providing credible high-quality services with leading technology. Frontline Security delivered exceptional performance since the Group acquired a 51% stake in November 2015. Since that date revenues have trebled to SGD 13.8 million and we continue to see this as an exciting growth market for the provision of security manpower services and other security products and services. The acquired company is ideally positioned to capture the growth opportunities created by the rapidly evolving security industry. We are now able to offer the broadest portfolio of industry-leading, innovative security solutions to clients across a wide range of markets.”