GardaWorld completes its tenth acquisition of 2022 as it eyes growth

📆 24-08-22 19:37:00
📰 globeandmail

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GardaWorld says ARCA and its 320 employees will join forces with financial technology company Sesami, which operates as an independent entity of GardaWorld

GardaWorld says it has also concluded an agreement with the Quebec government through Investissement Quebec for a $300-million strategic 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. GardaWorld CEO Stephan Cretier said in a statement attached to the news release that “the strategic investment enables to acquire high-quality companies like ARCA, and to keep innovating and leading the industry.”

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