Ancom Logistics buying global security solutions firm S5

Ancom Logistics Bhd will exit the logistics business under the exercise which includes a RTO of ALB by S5 Holdings Inc – a global integrated security solutions provider.

PETALING JAYA: Ancom Bhd’s subsidiary, Ancom Logistics Bhd (ALB), is acquiring global integrated security solutions provider S5 Holdings Inc via a corporate exercise that will ultimately see a reverse takeover of ALB.

Ancom said it, together with ALB, had entered into heads of agreements (HoA) with S5 Holdings’ existing shareholders, namely S7 Holdings Sdn Bhd, Merrington Assets Ltd, My EG Capital Sdn Bhd and Avocat Sdn Bhd, for the proposed takeover.