Dubai-based Farnek completes Certis’ acquisition

Certis trademark will be rebranded as Farne


UAE – Mubasher: Dubai-based Farnek, leading technology and sustainability-driven facilities management company, has completed the acquisition of Certis Guarding Services.

Through the acquisition, Farnek will integrate 1,800 staff employed by Singapore-headquartered Certis, one of the top ten companies in the UAE’s security services sector, according to a press release on Sunday.

Meanwhile, the Certis trademark will be rebranded as Farnek, and its staff will move from Certis’ offices to Farnek’s head offices in Dubai and Abu Dhabi.

Commenting on the acquisition, the CEO of Farnek, Markus Oberlin, said: “We estimate that there will be increased demand for commercial security, particularly manned security detail, over the next four to five years, throughout the UAE.”

Oberlin added: “to become a major player in the UAE security services market, we needed a substantial presence, to compete for major contracts that require substantial manpower which on occasions can come with short term mobilisation. Acquiring Certis now affords us that presence and flexibility, as well as a competent and experienced security workforce.”

It is noteworthy to mention that the commercial security market in the Middle East is forecast to record a compound annual growth rate (CAGR) of 16.5% to $5.6 billion by 2022, according to recent data by Frost & Sullivan.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Technology