Swiss Securitas to take up to 5.1% stake in Starburst under partnership agreement

SINGAPORE (June 6): Starburst, the engineering group specialising in firearms-training facilities, and Swiss Securitas Group have entered into a binding business partnership agreement for future collaborations.

As part of the partnership, Starburst Security Engineering, a subsidiary of Starburst, will provide services to Swiss Securitas Asia. These include the provision of specialised “security by design” solutions, including a suite of comprehensive security risk assessment, security design and planning, blast mitigation, fire engineering, crisis management and business continuity management solutions in the Asia-Pacific and Middle East markets.

In addition, Swiss Securitas will also purchase 10 million Starburst shares and 6 million warrants from two Starburst controlling shareholders. This will amount to a maximum 5.1% stake in Starburst if all the warrants are fully converted.

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