APAC Issue Q2 2019

APAC / Issue Q2 2019 5 NEWS , This will be a wide-ranging partner- ship covering from product development to sales and market- ing. Further, China Merchants Group’s shipbuilding subsidiaries will partner with the joint venture to design and build new ocean cruise ships dedicated to the Chi- nese market. “China is a dynamic outbound tourism market, and we are pleased to be partnering with Chi- na Merchants Group in this joint venture to drive the development of the cruise industry – we see Viking’s way of cruising less as a trip and more as a lifestyle,” said Torstein Hagen, Chairman of Vi- king. “For more than 20 years, we have led the industry in develop- ing a fleet of ships and a range of cruise itineraries that we believe provide guests with the most comfortable and enriching way to explore the world. Our partner- ship with China Merchants Group will allow us to bring this Viking travel lifestyle to more Chinese travelers more quickly, satisfying the Chinese market’s unmet de- Founded in 1987 and based in Melbourne, Staysafe is today one of the largest monitoring compa- nies in Australia with MAUD 11 (72 MSEK) annual sales, 73 em- ployees and 28,000 monitoring connections managed through two grade A1 monitoring centers located in Melbourne, Victoria and Adelaide in South Australia. The purchase price is estimated to MAUD 19 (123 MSEK). “Staysafe is a strong organization built on many years of successful entrepreneurship. We are very pleased to welcome the Stay- safe team onboard to an exciting journey together with Securitas says Andreas Lindback, Division- al President, Securitas AMEA. Through the acquisition of Stay- safe we are building on our pro- Securitas Acquires Leading Alarm MonitoringCompany inAustralia mand for a greater choice of so- phisticated travel.” “China Merchants Group treas- ures this cooperation with Viking. This is a full scale, multi-dimen- sional cooperation that covers all three main business sectors of China Merchants group,” said Gangfeng Fu, president of China Merchants Group. “Viking has gained tremendous experience in cruise operations and branding strategies during its 20 years of rapid growth. We sincerely hope that the alliance of the two pow- erful brands will create synergies and innovative business models that will lead the cooperation into a market-leading cruise brand. Viking operates a current fleet of 78 vessels, offering scenic cruis- ing on rivers and oceans around the world. China has been a part of Viking’s destination portfolio since 2003, and since setting up local operations in China in 2016, the company has seen strong momentum in its European river cruise product tailored for Chi- nese-speaking guests. Viking and China Merchants Group to Join Forces in Expanding China’s Cruise Industry Securitas is strengthening its client value proposition in the Australian securitymarket through the acquisition of Staysafe, a leading alarmmonitoring company in Australia. tective service offering in the Aus- tralian security market which will strengthen our service delivery and innovative solutions to our clients. We are looking forward to continue engaging with our ex- isting and new clients in Australia on how we can drive further value through the acquisition of Stay- safe announced today.” Securitas is the world leading protective services company with the ambition to lead the industry into the next generation of intel- ligent security solutions. Since entering the Australian market in 2017 Securitas has experienced strong growth and expanded its geographical footprint and capa- bilities across the country. The acquisition will be consolidat- ed into Securitas in the second quarter 2019. On April 8, Viking ® and ChinaMerchants Shekou, representing ChinaMerchants Group, announced they have signed a memorandumof understanding to forma joint venture focused on building a cruise line withworldwide cruise offerings for the Chinese cruise market.