03/02/2025
We are delighted to announce this morning the acquisition of Meridian Securities System Limited business for a total cash consideration of £150,000. Located in Leeds, the store extends the Croma network northwards as part of the Group’s broader strategic plan to build a national network of modern security centres.
Founded 2004, Meridian is a well-established, family run locksmith, and has been providing locksmith services and electronic security systems to the local resident and business community for over 20 years. As with previous acquisitions, Meridian will be incorporated into the business, benefiting from a broader product range and centralised services.
Roberto Fiorentino, Chief Executive Officer, commented: “We are delighted to welcome Meridian into the Group. The business meets all our criteria and is therefore a strong fit. We anticipate being able to increase the profitability of the business ensuring it quickly becomes earnings accretive and extends our geographic reach.”
