27 February 2007
Meteor Parking, a subsidiary of Go-Ahead, announces that it has, acquired Corby based Nikaro Limited, a company providing national specialist keyholding and alarm response services, for an undisclosed sum, on a debt free/cash free basis. Established some ten years ago, Nikaro operates through an extensive network of service providers, offering a fully national service to its clients.
Like Meteor, Nikaro is accredited under the Security Industry Authority, (SIA), Approved Contractor Scheme and is a National Security Inspectorate, (NSI), Guarding Gold Medal holder.
The business is expected to report a profit of £400,000 on revenue of £2.4 million in the year ended 31 January 2007. Nikaro will operate alongside Meteor's existing security services business, extending both the geographic coverage and range of services provided.
Stephen Turner, Managing Director of Meteor Parking, said, "We are delighted to have acquired Nikaro, which will double the size of our current security activity. In line with our development plan, this provides national coverage and the ability to extend the range of security services we can offer to our clients."
For further information please contact:
Meteor Parking
Stephen Turner(Managing Director) 08700 601001
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Note to Editors:
Meteor Parking is a leading car park operator. The company has approximately 1,000 employees and had a pre-tax profit of £3.4 million on turnover of £81 million in the year to 1 July 2006.
The company specialises in the provision of car parking at airports, railway stations, shopping centres and hospitals. It operates under the well-known ‘Pink Elephant' brand at Heathrow, Stansted and Southampton airports. Other brands include eParking at Stansted, Park One at Heathrow, Chauffeured Parking Services at Heathrow, Gatwick, Manchester, Birmingham and Newcastle and the newly acquired Boomerang at Gatwick.
The Meteor business includes a security services operation, providing a range of offerings to a broad client base, predominantly in East Anglia, the Home Counties and South-East of England. These offerings include static guarding, reception services and revenue protection.