TERROR THREAT AIDS BARRIER MAKER
SECURITY equipment manufacturer ATG Access has been put up for sale as demand for its bollards and road blockers increases amid the global terror threat, it can be revealed.
It is understood that the Merseyside-based company is likely to be sold to a trade buyer for at least £30million after appointing advisers from KPMG to oversee the process.
A handful of bidders are thought to be circling the company, which makes permanent and temporary barriers to protect crowded spaces.
The firm has seen a pick-up in demand over recent years due to a string of high-profile vehicle-based terror attacks.
Its bollards and barriers have been used at events and venues including Premier League football matches, the Proms and shopping centres.
In its most recent results for the year ending April 30, 2018, ATG recorded a
12 per cent increase in turnover to £17.5million.
The company expects to double earnings again in the current financial year to £3million.
Turnover is set to hit £22million.