History
ArmorGroup began operations in 1981 as Defence Systems Limited (DSL), a company founded "to provide protective security services principally to multinational oil and gas companies." The publicly traded Armor Holdings, Inc., a business principally involved in the manufacture of armored vehicles and law enforcement equipment, acquired DSL in 1997. Some of the current senior management team carried out a Management Buyout of the company in November 2003, backed by Granville Baird Capital Partners and Barclays Bank. ArmorGroup was listed on the main list of the London Stock Exchange in December 2004.
In 2007, it posted a US$9.2 million profit, reporting $295 million turnover for that year. On March 20th 2008, the company announced that its Board had recommended a £43.6 million cash offer for the company by G4S plc. The acquisition completed on 29 April 2008. G4S has basically retired the "ArmorGroup" name although ArmorGroup North America, Inc. ("AGNA") is still in existence (see below).
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