Garda World Security Corporation announces acquisition of ARCA
by CM Staff
Established in Mebane, North Carolina, and Bollengo, Italy, with operations in more than 25 countries, ARCA and its 320 employees will join forces with Sesami.
MONTREAL — Garda World Security Corporation, a security, integrated risk management and cash solutions company, announces the acquisition of ARCA, a manufacturer of teller cash recyclers for financial institutions.
Established in Mebane, North Carolina, and Bollengo, Italy, with operations in more than 25 countries, ARCA and its 320 employees will join forces with Sesami. Sesami is a global cash ecosystem integrator and financial technology company created in February of 2022, which operates as an independent entity of GardaWorld.
GardaWorld has concluded an agreement with the Government of Québec through Investissement Québec, for a $300 million investment, at market conditions, by way of a private placement in GardaWorld preferred shares. The preferred shares are redeemable by the Company and entitle the holder to a dividend capitalized annually and payable at the time of their redemption by GardaWorld.
Since the beginning of the year, GardaWorld has reportedly deployed over $1.3 billion to solidify its position. The acquisition of ARCA marks GardaWorld’s 10th transaction in 2022.
“We’re very pleased to be able to count on the support of the Government of Québec as we pursue our global growth ambitions. This strategic investment enables us to acquire high-quality companies like ARCA, and to keep innovating and leading the industry as a global champion,” said Stephan Crétier, Founder, Chairman and Chief Executive Officer of GardaWorld.
“This investment will make it possible for GardaWorld to maintain and grow its headquarters in Montréal. This transaction will generate significant economic benefits for Québec and help position the province as a major security and cybersecurity player,” stated Mr. Pierre Fitzgibbon, Minister of Economy and Innovation and Minister Responsible for Regional Economic Development.