SIH Security Group Wins $82 Million Contract for Jerusalem Police Stations and Western Wall
Translated & summarized from Calcalist by baba
The SIH security group secured a new five-year contract worth approximately NIS 300 million to secure 30 police stations and the Western Wall entrances in Jerusalem and Judea and Samaria. This comes after Israel Railways canceled a previous contract with SIH due to discrepancies in its reported experience. In a separate move, SIH acquired Timcon, a security solutions company, to bolster its technological division.
The story in 5 lines · by baba
- SIH security group awarded NIS 300 million contract for Jerusalem police stations and Western Wall.
- The new contract with the Israel Police is valued at approximately $82 million over five years.
- SIH will provide security for 30 police stations and the Western Wall entrances in Jerusalem and Judea and Samaria.
- Israel Railways previously canceled a NIS 70 million contract with SIH due to experience discrepancies.
- SIH acquired Timcon, a security and control solutions company, for NIS 15 million.
The SIH security group has been re-selected by the Israel Police to provide security for 30 police stations in the Jerusalem and Judea and Samaria regions, including the National Headquarters. The contract also covers security for the entrances and exits to the Western Wall complex. The five-year deal is valued at approximately NIS 300 million (about $82 million), and hundreds of security guards are expected to continue working at these sites. SIH stated that it has been providing security services at these locations for the past six years.
Additionally, SIH recently secured a contract to operate security checkpoints in the Jerusalem area, a deal it won about 18 months ago. This follows a previous setback in February when Israel Railways canceled SIH's NIS 70 million annual contract for securing railway stations in Jerusalem. The cancellation was due to discrepancies between information provided by SIH regarding its experience with police facility security and data obtained from the police.
At the time of the railway contract cancellation, SIH argued that its interpretation of the security requirements differed from that of Israel Railways. In parallel developments, SIH has acquired Timcon, a company specializing in security and control solutions, for NIS 15 million. Timcon's operations will be integrated into SIH's technology and control division, expanding the group's capabilities in security systems. Timcon imports security cameras from the U.S. and supplies systems for process control, access control, barriers, parking management, public address, audio, and intercom systems, as well as control room construction.
Timcon's client base includes industrial plants, chemical complexes, government companies, public institutions, local authorities, shopping centers, the Israel Police, and security forces, both in Israel and abroad. According to Zvika Halperin, Founder and CEO of SIH Group, the acquisition aims to strengthen the group's technological division and enhance its capabilities in protection and security. Halperin noted that the company's systems can aid in defending institutions and organizations against burglaries and criminal incidents.