FFP today announces that it has signed an agreement to acquire a minority interest in International SOS (www.internationalsos.com) primarily through a capital increase, for $306 million. FFP will thus contribute to pursuing the development of a company that is uniquely positioned worldwide in the fields of health and security.
Founded in 1985 in Singapore by Arnaud Vaissié and Dr. Pascal Rey-Herme, International SOS offers medical prevention and security services, access to healthcare and emergency intervention to international companies and government organisations. Operating in 85 countries, the company employs 10,000 health, security and logistics experts dedicated to supporting and assisting 12,000 organisations 24/7. In its financial year ended 30 June 2020, the company achieved sales of $1.2 billion, balanced between America, Asia-Pacific and EMEA.
FFP joins the group's founders and managers, majority shareholders, alongside Cobepa, and will participate in the governance of the company, in line with its strategy as a long-term active minority investor.
Commenting on this investment, Robert Peugeot, Chairman of the Board of Directors of FFP, said: “I am delighted that FFP is joining forces with a talented team, with whom we share the same values, to contribute to the development of a player without equal in the world.”
Bertrand Finet, CEO of FFP, added: "International SOS has shown strong resilience and agility in the face of the crisis we are going through, and has a know-how that responds to the growing concerns of companies and governments in terms of health and security at work.”
Arnaud Vaissié, Chairman and CEO of International SOS, added: "International SOS is delighted to welcome FFP, a partner with a long-term vision and a great industrial history, to accompany the group in its future development".
Jean-Marie Laurent Josi, CEO of Cobepa, concluded: “Throughout our thriving partnership over the last 14 years, we have been impressed by the achievements of the International SOS team which has grown the company into the undisputed global market leader through their relentless focus on delivering premium healthcare and security services to the benefit of their global clients. We are delighted to reinforce our commitment to International SOS in this transaction and to welcome FFP alongside us to accompany the company in the future.”