ICTS Europe is announcing a change of ownership

18 February 2013

Paris – ICTS Europe is announcing a change of ownership following the acquisition of the ICTS Europe group by Groupe IPE, supported by a principal investment of Groupe SOFINORD. Groupe IPE will direct, in this context, the General Partnership charged with the oversight and development of ICTS Europe group.

The change of ownership, which was completed on 15 February, will ensure seamless continuation of the business activity and services of the ICTS Europe group. The new CEO of the ICTS Europe group will be Mr Oren Sapir, whose successful career with ICTS Europe spans over 23 years.

Mr Oren Sapir, the new CEO of the ICTS Europe group, stated that ‘Partnering with Groupe IPE and SOFINORD provides us with the optimal conditions to realise the business potential of the Company. ICTS Europe will maintain the integrity of its management team and we plan further innovations and enhancement of the quality of services and the performance of the business. This is an important chapter in the long and successful history of the Company and we are all committed to building a stronger, better and bigger ICTS Europe.’

Mr Philippe Nguyen, chairman and founder of Groupe IPE, commented that ‘We are very excited about the prospects of ICTS Europe. The Company is already a leader in its fields of activity, with a strong reputation for quality and innovation.  In addition to strengthening its position in existing markets, ICTS Europe has a great potential for development in new markets. We look forward to working with the new management to further develop ICTS Europe as providers of superior security solutions with global capabilities.’

Mr. Patrick Thelot, President and Founder of Group SOFINORD added: ‘Our investment will support growth plans of international dimensions. This industrial partnership will facilitate business development synergies between security, reception and concierge services in France and in Europe, in aviation sector as well as in general security. Our aim is to nurture an entrepreneurial spirit with long-term perspectives.’

With over 20 years of experience, ICTS Europe is a leading provider of security solutions to a wide customer base of airlines, airports, seaports, rail operators, cargo companies, corporate clients and luxury brands. The Company has a workforce of security experts exceeding 10,000 and a presence in 24 countries.

Groupe IPE is a Paris-based independent investment and industrial holding firm, which invests and closely supports European companies with potential to become market leaders through internal corporate growth and operating improvements, buy-and-build strategies and strategic repositioning.

The family-held Groupe SOFINORD is France’s leading providers of reception, concierge and event services, employing some 7,000 staff and serving over 1,500 clients through subsidiaries such as Phone-Regis, Mahola and Facilitess.

For more information please contact:
Mr. Jean-Baptiste de BELLESCIZE
+33 1 46 34 60 60