Fidelity Services acquires SSG Holdings to accelerate integrated services offering

FIDELITY Services Group, Southern Africa’s leading provider of integrated services and risk solutions, said on Thursday that it has successfully acquired a majority shareholding in SSG Holdings, following all requisite regulatory approvals.

- PHILIPPA LARKIN

This strategic transaction marks a significant milestone in Fidelity’s continued mission to deliver world-class integrated facilities services across the region.

This acquisition builds on Fidelity’s track record of strategic expansion, including previous high-profile acquisitions such as ADT South Africa from Tyco (now Johnson Controls International), Bidvest Protea Coin Cash Management Solutions from The Bidvest Group, and key assets from National Security (formerly Chubb Security). Each of these has significantly enhanced the company’s scale, profitability, and service capabilities.