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G4S in £5.2bn ISS takeover

Security group G4S took its headcount to 1.2m yesterday with the £5.2bn takeover of facilities management firm ISS.

G4S, which runs four prisons and is training security guards to work at the London Olympics, will develop its business in areas such as catering and cleaning after agreeing to buy Denmark-based ISS.

ISS boasts high profile contracts with Citigroup and the Foreign and Commonwealth Office.