London-listed Myanmar Strategic Holdings has announced that its wholly-owned subsidiary, Myanmar Strategic Services, is on the brink of acquiring Yangon-based safety and security firm EXERA in a deal worth an estimated US$2.2 million, according to reports. An international publication said the deal is expected to be completed before the end of May and that the deal would be completed through $2 million in cash and the issuing of 7,408 shares at a price of $27 per share. MSH described EXERA as an “internationally managed safety and security services provider” operating exclusively in Myanmar. The report said that through a workforce of about 1,000 security personnel, EXERA provides guarding, protective services, transportation, training, and risk consulting for international and local clients in the country. “Over the past few years, EXERA has established itself as one of the best foreign operators, effectively supporting its clients with their security needs as those clients have expanded throughout Myanmar,” said Enrico Cesenni, MSH’s CEO.