NRG ENERGY TO ACQUIRE VIVINT FOR $2.8 BILLION

Leading smart home platform company Vivint Smart Home’s board of directors unanimously approved an agreement with NRG Energy Inc. for an acquisition worth $12 per share or $2.8 billion with an implied multiple of 6.3x run-rate Enterprise Value to Adjusted EBITDA. Vivint Smart Home’s mission is to help its nearly two million customers live intelligently by providing them with technology, products, and services to create a smarter, more efficient, and safer home. The acquisition will create the leading essential home services platform fueled by marketleading brands, unparalleled insights, proprietary technologies, and complementary sales channels. “The acquisition of Vivint is a transformational step in achieving our vision. Customers want simple, connected, and customized experiences that provide peace of mind. Vivint’s smart home technology strengthens our retail platform, improves our customer experience, and increases customer lifetime value. I am excited to welcome Vivint to the NRG family,” said Mauricio Gutierrez, President and CEO of NRG Energy. NRG will acquire 100% of the outstanding equity of Vivint for a total transaction value of $5.2 billion consisting of about $2.8 billion in cash and the assumption of $2.4 billion of debt (net of cash), which benefits from attractive terms and pricing. The transaction is expected to close in the first quarter of 2021 and is subject to customary closing conditions. n

As Milestone moves from being a global leader in providing Video Management Software within security to a global leader in datadriven Video Technology both in and beyond security, Rahul will play an essential role as a member of the executive leadership team. Rahul Yadav joins Milestone from TV 2, the Danish commercial broadcaster, where he held the position of Chief Technology and Digital Officer. Prior to TV 2, Rahul held senior leadership positions at KMD and Bang & Olufsen. Reportedly Rahul Yadav’s primary focus will be on further strengthening Milestone Systems’ position as a provider of market-leading Video Management Software. Also, driving innovation in datadriven software based on responsible technology principles will be essential. The dedicated and highly skilled Technology Group will continue to focus on delivering innovative, second-to-none business outcomes for customers and partners to maintain our strong market position. n around £4.3m from EDF as part of the Sizewell C nuclear plant development. The contract is expected to continue through 2023, with tasks involving managing access to the site, monitoring surveillance systems, and incident management reporting. Since July 2015, G4S has been working on a 10-year contract to provide security services during the construction of Hinkley Point C, the first new nuclear power station built in the UK in generations.

G4S Secure Solutions UK is set to create almost 100 jobs in the Suffolk area after the company won a security contract worth

“For over a decade, G4S has been committed to securing the UK’s critical national infrastructure and we’re incredibly proud of our work in creating thousands of job opportunities for local residents and sector specialists throughout the country.” says Alistair McBride, Strategic Account Director for G4S UK’s Nuclear Power and Utilities Sector. Once constructed the nuclear power station will provide low-carbon electricity for 6 million homes for at least 60 years. n

Over the last three years the Dubai Police, represented by the General Department of Traffic, benefited 10,140,892 people with traffic campaigns on social media platforms. These stati- stics were revealed during the General Department of Traffic annual inspection conducted by His Excellency Lieutenant General Abdullah Khalifa Al Marri who was briefed on the traffic campaigns carried out last year to raise awareness of the public on the safety of pedestrians, dangers of sudden swerving, life-threatening speed, dire consequences of failing to maintain a safe distance, the safety of school areas and safe driving on special occasions. The awareness campaigns and lectures on traffic laws and regulations benefited some 150 thousand motorists and 68 thousand beneficiaries consecutively last year.

Lt. Gen. Al Marri reviewed the Traffic Institution Statistics of last year when 47 people attended 20 lectures on traffic points. At the same time, 765 benefited from Drivers’ Traffic Safety, and 87 internal and external workshops were delivered to raise the awareness of 1379 motorists. Moreover, the Institution carried out 52 workshops for Smart Training Centre, which benefited 1415 people, and conducted 16 training sessions for 16 private security companies that benefited 466 security guards. n

From January 2023 ADI Global Distribution services customers across the Middle East will have access to the complete line of Clevertouch interactive panels. Besides panels Clevertouch is known for producing digital signage, commercial displays, room booking systems and cloud-based content management tools for education and enterprise sector. According to Ian Neale, EMEA Pro AV business leader, ADI is focused on providing customers with the latest products to build complete solutions and the addition of Clevertouch to their services will enhance their market position. “In addition to being an interactive panel manufacturer, Clevertouch is focused on serving as a technology solutions provider and aligns with our strategy to drive strong customer relationships and deliver exceptional support” said Ian Neale. “As the strength of the Clevertouch range of products continues to grow, we’re looking forward to offering our products through ADI to gain access to new customers, sales channels and technology partners,” said John Ginty, EMEA sales director, Clevertouch Technologies. “Through ADI’s strong distribution channels, we’ll expand the market reach for our interactive displays, commercial displays and digital signage products across the Middle East.” n

Motorola Solutions has received Joint Interoperability Test Command (JITC) certification from the U.S. Defense Information Systems Agency for its Federal Information Processing Standards (FIPS)compliant Avigilon video security solutions. The Motorola Solutions’ Avigilon Control Center (software release version 7) and H5A Series cameras have gone through rigorous interoperability testing from a JITC lab approved by the Department of Defense. JITC provides risk based test, evaluation and certification services, tools and environments to ensure DoD information technology capabilities are interoperable and support mission needs. “We’re proud to support our defense and federal customers, dedicated to protecting our national security,” said Joe Balchune, vice president Federal Markets, Motorola Solutions. “JITC certification from DISA highlights Motorola Solutions’ commitment to supporting our customers with security solutions that meet exacting criteria and can be trusted to help protect their operations.” Motorola Solutions’ Avigilon cameras allow its customers to be National Defense Authorization Act (NDAA) Sec. 889 compliant. n