Security firm G4S plans to expand in Brazil through more acquisitions.

BY JOACHIM BAMRUD

UK-based G4S, the world's biggest security-services provider, is planning to boost its Brazil business through further acquisitions.

“In Brazil, [we’ve] made some serious acquisitions in the last few years,” says Martin Alvarez, president of G4S Latin America and the Caribbean. “We’re [now] looking at additional companies to add to our portfolio.”

G4S plans to grow globally through acquisitions and Latin America is no exception, he says.

Alvarez was named to the position last month after serving several high-ranking positions at Dell and DHL in the region. He will now head up the fastest-growing region for G4S. The firm last year posted Latin America and Caribbean revenues of 644 million pounds (US$1 billion), an increase of 31.7 percent from 2011. That compares with a global growth of 5.1 percent.

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Keywords: Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Peru, Venezuela