Merger Alert: Outcome of mergers decided by the Tribunal - 12 June 2025
The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal
| Type of matter | Parties involved | Tribunal Decision |
| Large merger | Fidelity Security Services (Pty) Ltd and SSG Holdings (Pty) Ltd | Approved with conditions |
| Large merger | Trident Property Holdings (Pty) Ltd and The Trident Property Portfolio of Dimopoint (Pty) Ltd | Approved without conditions |
Fidelity Security Services (Pty) Ltd and SSG Holdings (Pty) Ltd
The Competition Tribunal (“Tribunal”) has conditionally approved the proposed merger in which Fidelity Security Services (Pty) Ltd (“Fidelity”) will initially acquire a specified percentage of the issued share capital of SSG Holdings (Pty) Ltd (“SSG”). Following the implementation of the merger, Fidelity will exercise sole control over SSG. It is anticipated that within a specified period thereafter, Fidelity will acquire the remaining share capital from the remaining shareholders through the exercise of call and put options.
The Tribunal has approved the proposed transaction subject to conditions relating to the promotion of a greater spread of ownership as well as conditions relating to a restraint of trade.
The acquiring group (Fidelity, its controlling firms and their subsidiaries) primarily provides security services and related ancillary services. Its main business areas include guarding services, technical and electronic security services, cleaning and sanitary services (including hygiene and pest control), cash in transit services, cash processing services, cash handling devices, and monitoring and response services. The guarding, technical and electronic security services, as well as the cleaning and sanitary services, are relevant to the proposed transaction.
The target group (SSG and its subsidiaries) conducts the following activities throughout South Africa: guarding services, technical and electronic security services, cleaning and hygiene services and facilities management.
Trident Property Holdings (Pty) Ltd and The Trident Property Portfolio of Dimopoint (Pty) Ltd
The Tribunal has unconditionally approved the proposed merger in which Trident Property Holdings (Pty) Ltd (“TPH”) intends to acquire the Trident Property Portfolio of Dimopoint (Pty) Ltd (“Dimopoint”), comprising rentable industrial properties (the target properties). Following the implementation of the proposed transaction, TPH will acquire sole control of the target properties.
TPH is a special purpose vehicle that will be created for the purposes of the proposed transaction. The target properties comprise: Trident Steel Germiston; Trident Steel Gqeberha; and Trident Steel Durban.
Issued by:
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib
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