The Office for Competition within the Malta Competition and Consumer Affairs Authority (MCCAA) has approved the acquisition of G4S Security Services Limited and G4S Security Services (Malta) Limited by KDM Investments Limited.

KDM Investments already holds a 49.9 per cent stake in G4S Malta.

In September, WhosWho.mt reported that the private investment firm, active in several sectors in Malta, has reached an agreement with the multinational G4S Group – the world’s largest security corporation – to acquire the remaining 50.1 per cent.

The Office for Competition's decision noted that there is no horizontal or vertical overlap between KDM and G4S Malta. 

It added that since the concentration "will lead to a change in the quality of control in G4S Malta ... the competitive market structure is expected to remain the same."

The authority therefore decided not to oppose the acquisition and to declare it lawful. 

According to KDM's website, G4S Malta boasts a team of 1,900 security professionals and generates €24 million in annual turnover.

Revenues come from both the public (60 per cent) and private (40 per cent) sectors.