SK Telecom, the largest operator in South Korea and Macquarie will acquire a 100 percent stake in a domestic security systems company, ADT Caps for about 1.28 trillion won ($1.2 billion), from a U.S.-based private equity fund Carlyle Group.
SK Telecom will invest KRW 702 billion to acquire 55 percent stake and management rights in ADT Caps while Macquarie will invest KRW 574 billion to purchase 45 percent stake in the company.
The SK Telecom-Macquarie consortium will take over Siren Holdings Korea, the company that holds 100 percent stake in ADT Caps. The consortium will sign an agreement with Carlyle Group to buy a full stake in ADT Caps and plans to complete the acquisition as early as in Q3 2018.
ADT Caps is the country's second-largest security services provider with 570,000 subscribers. It mainly provides physical security services including access control and facilities management. Backed by SK Telecom’s New ICT technology, ADT Caps is expected to grow into a next-generation security services provider.
Through the acquisition, SK Telecom said it will introduce New ICT technologies such as AI, IoT and Big Data to the fast-growing security services industry, so that it can provide a breeding ground for the 4th industrial revolution.
