Prince reinvents Blackwater
The U.S. security magnate Erik Prince is setting up a new security company in Abu Dhabi. [...]
Academi, the former-X Services better known by its former name Blackwater, was founded in 1997 by Erik Prince, an ex-Navy SEAL. Under its former name, the company has provided private security services to the US government bodies including the CIA, the Department of State and the Department of Defense. It now belongs to the Constellis Group, a key player in the sector.
French president Nicolas Sarkozy is keen for French companies to secure a bigger slice of the lucrative war-zone private security market, dominated by British and American groups such as Control Risks Group and Xe, formerly Blackwater. According to the Association [...]