Last checked at 10 Sep 2013 07:02
10th September 2013
Westminster Group plc
Expansion of Aviation Services
Westminster Group Plc ('Westminster' of the 'Group'), the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, is pleased to announce that it has expanded its managed services business by acquiring the trade, trade name and website of GXS Aviation Ltd ('GXS') - www.gxs-aviation.com.
GXS was founded in 2002 by Mike Lord who has over 25 years' experience in the aviation business. Since incorporation GXS has grown into a diverse aviation services business and has certified status from the UK Department for Transport (DfT) providing aviation security consultancy services worldwide to existing and start-up airline and airport operations such as Air Canada, Zoom Airlines, Omni Air Transport, Servisair and Premiere Handling. Services include Security Operative and Supervisor training, Air Cargo training programmes for Level A - G, GSAT, Dangerous Goods Awareness and Triple A training courses together with services such as Aircraft Load Planning, Weight & Balance and Passenger Services.
Mike Lord has joined Westminster Aviation Security Services ("WASS") as Aviation Training Director and in consideration for transferring the business of GXS Mike Lord has been given an incentivised package including 30,000 share options in Westminster under the Share Option Scheme.
Commenting on the developments Peter Fowler, Chief Executive of Westminster Group, said:
"I am delighted to announce the expansion of our managed services division with the incorporation of GXS into our aviation business, Westminster Aviation Security Services Ltd. The range of services offered by GXS is complementary to, and broadens the services already offered by, our rapidly growing aviation business, particularly in terms of our aviation training services both for our aviation clients and our own expanding aviation workforce. Our investment in the business and our global reach will also, we believe, offer considerable scope for expansion of these services.
"I am equally delighted to welcome Mike Lord to the board of WASS. His considerable aviation knowledge and experience will strengthen the management team and be a valuable addition to our business."
For further information please contact:
Westminster Group plc | Tel: 01295 756 300 |
Peter Fowler (Chief Executive) | |
Ian Selby (Chief Financial Officer) | |
S. P. Angel Corporate Finance LLP (NOMAD + Broker) | Tel: 020 3463 2260 |
Stuart Gledhill/Katy Birkin | |
Winningtons Financial (Financial PR) | Tel: 020 3176 4722 |
Tom Cooper/Paul Vann | 0797 122 1972 |
Notes:
Westminster Group plc is a leader in the supply of system solutions and products to the security, defence, fire protection and safety markets worldwide.
Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, encompassing a wide range of surveillance, detection, tracking and interception technologies and the provision of long term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manned services, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations. For further information please visit www.wg-plc.com or www.wi-ltd.com.