South Africa-based Intervid – a well-established security company specialising in end user solutions for the leisure, retail and airports sectors – has acquired a majority shareholding in the id technology group, the £11 million turnover electronic detection and surveillance system supplier to the UK retail sector.

Having originally been established by chief executive officer Ray Higgs in 1998, the id technology group has witnessed substantial growth, numbering Dixons, B&Q, American Express, Orange, Barclays and Wilkinsons among its client ranks.

With obvious synergies between the two companies, Higgs had little doubt in signing a five-year contract with Intervid to embolden the immediate future of his own company.

"Everyone involved with the id technology group is extremely excited about being part of the Intervid organisation. Our talents compliment one another," commented Higgs.

The merger will bring financial resources to the group.

Source

SMT