K-One Tech buys stake in security firm

PETALING JAYA: Technology solution provider K-One Technology Bhd is acquiring a 30% stake in security consultancy company AHM Consultancy & Security Services for RM8.7 million.
The group told Bursa Malaysia last Friday that the acquisition would provide synergistic effects and business potential to both parties, adding it will use its technology expertise to enhance and complement AHM’s provision of security services to its customers.
“It will work with AHM to lace the conventional security service with technology such as enhancing the monitoring of security guards and strengthening the security of premises via hardware cum software applications to improve productivity and added safety.
“In essence, K-One will have new opportunities in the innovation, development and supply of security related devices and software applications to security conscious customers through AHM,” it added.
AHM is involved in the provision of security consultancy and services such as static guarding, security patrol, cash-in-transit, armed escort, body guarding and private investigation.