London Security Plc (AIM:LSC) agreed to acquire fire protection business of Green Compliance plc (AIM:GCO) for £2 million in cash on July 5, 2013. Of the purchase price, £1.5 million will be paid as initial consideration and £0.5 million will be deferred consideration to be paid in 12 months' time dependent upon the achievement of certain operational and revenue targets. The fire protection business reported revenues of £2.3 million for the year ended March 31, 2013 and net value of assets as £0.5 million as of June 30, 2013. The staff of the fire protection business will be transferred with the business. Andrew Craig and Ben Wright of N+1 Singer acted as financial advisors and John Bick and Justine James of Gable Communications Limited acted as public relations advisors for Green Compliance.

London Security Plc (AIM:LSC) completed the acquisition of fire protection business of Green Compliance plc (AIM:GCO) on July 5, 2013.