SU Group Completes Acquisition of KM Safety Solution Company
SU Group Holdings Limited (Nasdaq: SUGP) has completed the acquisition of 100% equity in KM Safety Solution Company Limited for HK$5.6 million (~US$721,000). The purchase was made through its wholly owned subsidiary and expands SU Group's offerings into safety solutions and intelligent emergency lighting products. KM provides consultancy services related to safety solutions and holds rights to distribute smart emergency lighting control systems in Hong Kong under a 24-month agreement. SU Group’s CEO Dave Chan highlighted the strategic value of this acquisition, which complements its existing security engineering business by adding new revenue streams and enhancing customer offerings through integrated safety and security solutions. SU Group is an established provider of security-related services including engineering, guarding, screening, and vocational training in Hong Kong. The company has over two decades of experience delivering turnkey security systems for both public and private sectors.
Topics: acquisition Hong Kong security services