Heras has intangible assets valued as part of Purchase Price Allocation.
Match Plan supported Heras, on behalf of Garda Group, in valuing the intangible fixed assets in the context of a Purchase Price Allocation (PPA) in accordance with IFRS. The PPA was important for the proper accounting treatment of the acquisition and provides insight into the allocation of the acquisition price to the identified assets.
The valuation report forms an important basis for the annual financial statements and contributes to transparent accountability towards stakeholders.
International supplier of security solutions
Heras is a leading end-to-end provider of mobile and permanent security solutions. The company designs, manufactures, installs, and maintains solutions that contribute to the safety of people, locations, and infrastructure.
Garda Group is a European provider of security solutions, with operations in Norway, Finland, Denmark, Sweden, and Germany, among others. The group was built through a buy-and-build strategy and is supported by an investment firm. In 2023, Garda Group was acquired by EMK Capital LLP, which invests in the further (international) growth of the group.
Role of Match Plan
Match Plan assisted Garda Group with the valuation of intangible assets in accordance with applicable reporting standards. The results of the PPA support the proper recognition of the acquisition in the financial reporting.
The valuation was performed by Richard Peeters and Niels Beckers.
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