MTS increased its stake in smart home security service provider JSC Gulfstream Security Systems to 100%. This was reported in the press service of the operator.
The company acquired a 41.62% stake in Gulfstream and announced the completion of the reorganization of its Smart Home business. The cost of the transaction is not disclosed, the press service noted.
Gulfstream provides comprehensive solutions for protection against penetration, fire, water leaks, as well as elements of a “smart” home. The company’s solutions are designed both for apartments and houses, and for corporate use, for example, in offices or shops.
In April last year, MTS bought a 58.38% stake in Gulfstream for 2 billion rubles. The deal launched the development of a separate business vertical from the Smart Home company. The purpose of the reorganization of this directorate was the consolidation of the Gulfstream group and other projects related to security.
“The former owner of Gulfstream Security Systems JSC, Veniamin Pisman, became a minority participant and chairman of the board of directors of MTS Smart Home LLC,” the press service said.
Gulfstream Security Systems has been operating since 1994. In Russia, it provides services in more than 200 cities and has 360 response partners.
Author:
Natalia Gormaleva
Source: RB
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