Secom To Make Secom Techno Delist

Secom Co. Ltd., a pioneer and the largest firm in the security services industry, announced that Secom has made a tender offer for Secom Techno Service Co., Ltd., a technical service provider of installation and maintenance of security equipment, to make it a fully owned company. Secom, a 67% equity holder, plans to buy all outstanding shares of Secom Techno. The TOB price is set at 3500 yen, a 32.6% premium over its 3-month average. Secom, by integrating the security installer, hopes that consolidated group management will lead to faster decision making and better use of human resources.