Lyktos Group participates in ESA Security Solutions
An agreement was signed for the acquisition of 45% of ESA SECURITY SOLUTIONS from LYKTOS GROUP (owned by Mihalis Sallas). Under the terms of the agreement, Lyktos Group will cover ESA’s share capital increase, raising its equity stake to 55%.
Purpose of LYKTOS GROUP participation is the financial strengthen of ESA and the further expansion of its activities. New clientele and business development will result a considerable growth of revenues and number of employees within the next two years.
For LYKTOS GROUP, ESA constitutes the fourth investment sector in which the group expanded its activities during the last few months.
Preceded investment sectors are:
- Asset management in cooperation with Wealth company, with over €200 million in assets under management
- Banking, as a strategic investor in Pan-Crete Cooperative Bank. The approval process of LYKTOS GROUP participation in the Bank is in the final stage.
LYKTOS GROUP has also invested in vineyards and innovative technologies.