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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  G4S    GFS   GB00B01FLG62

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G4S plc : G4S consortium wins multi-million Euro contract for French national electronic monitoring programme

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01/25/2013 | 11:20am CEST
25 January 2013

G4S has cemented its position as the world's leading provider of offender monitoring and technology with the award of a multi-million Euro contract from the French Ministry of Justice, to provide cutting-edge monitoring equipment and software for the national electronic monitoring programme

Working alongside its French consortium partners Thales and Onet, G4S will provide its latest electronic monitoring devices and software, integrated on secure IT systems which will be hosted by Thales at its secure data centre in Paris. Thales will also manage the distribution logistics for the G4S monitoring devices in mainland France and all French overseas dependencies. Monitoring, contact centre services and training will be provided by Telem, a subsidiary of the French security company, Onet. The four-year contract is extendable up to six years.

The French Ministry of Justice will have the option of using the latest multi-functional GPS tags developed by G4S to continuously track offenders' whereabouts as well as monitoring compliance with traditional curfew based liberty restrictions.

David Byrne, Managing Director of G4S Monitoring Technologies, said:

"We are delighted with the opportunity to work with the French Ministry of Justice. Its electronic monitoring programme has grown to be one of the largest in the world with over 10,000 offenders monitored at any one time and this growth is expected to continue.

"The Ministry will be able to benefit from G4S' latest GPS tracking and Radio Frequency products. These allow offenders to be continuously tracked as well as ensuring they comply with traditional curfew based monitoring conditions. Working with our partners Thales and Onet, we will provide a completely integrated and highly secure approach to all aspects of systems and service delivery enabling the Ministry to achieve new levels of service excellence with absolute assurance of security at all times.

"We are fully committed to supporting the Ministry's objectives of providing a cost-effective, secure and robust means of monitoring offenders in the community, helping to safeguard the public and reduce re-offending. G4S has unrivalled experience of delivering innovative offender monitoring solutions in more than 15 countries, and we look forward to helping the Ministry of Justice further develop the very successful electronic monitoring programme operational in France."

All monitoring equipment and software is being developed at G4S' Monitoring Technologies' base in Leicester. Up to 16,000 devices will be manufactured there for this contract, creating additional employment opportunities in the local community.

Contact details
  • Nicola Savage (Head of Public Relations, G4S UK & Ireland) : 0845 371 7173
About G4S

G4S is the world's leading secure outsourcing group, specialising in outsourcing of business processes in sectors where security and safety risks are considered a strategic threat.

G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S has operations in more than 125 countries and over 657,000 employees.

For more information on G4S, visit www.g4s.com

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Financials ( GBP)
Sales 2018 7 518 M
EBIT 2018 492 M
Net income 2018 263 M
Debt 2018 1 520 M
Yield 2018 3,75%
P/E ratio 2018 15,61
P/E ratio 2019 13,28
EV / Sales 2018 0,76x
EV / Sales 2019 0,71x
Capitalization 4 185 M
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 3,14  GBP
Spread / Average Target 18%
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Ashley Martin Almanza Chief Executive Officer & Executive Director
John P. Connolly Non-Executive Chairman
Timothy Peter Weller Chief Financial Officer & Executive Director
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