Donald Trump’s win in the US presidential election may herald good news for private security contractors. One security contractor that could be hailing the victory is Betafence, a Europe-based border security fence builder.
Owned by CVC Capital Partners, Betafence is one of the largest suppliers of perimeter security solutions in the world. The firm has already carried out work along the US border with Mexico. People may remember that during his campaign, Trump had emphasised that he would build a wall along the US-Mexico border to prevent illegal immigrants from Mexico making their way into the US.
Betafence North America Director of Sales Aaron Cope stated prior to the US presidential election that Betafence may end up getting more business should Trump win the election.
The private security contractor believes that with terrorism becoming a global problem, the US was behind other countries when it came to establishing high-security measures along its borders.
Cope said that the US was not on par with the rest of the world when it came to adopting physical security to cope with terrorism threats.
However, Betafence is not ready to discuss its future prospects in the US. A spokesperson for the firm stated that it was too early to conclude anything. The spokesperson also pointed out that Betafence was a high-security company and therefore did not like to comment on its business and projects.
According to Betafence’s 2015 annual report, the company anticipates the world high-security market to grow by as much as 10 per cent a year, making it a €21 billion business by 2018.
Betafence CEO Michele Volpi stated in the annual report that the demand for security products has increased worldwide, and this has turned the tide in favour of Betafence.
The private security contractor has a presence in the UK after it acquired Hesco, a company that has provided security to British and US military establishments and assets.