M&A Activity • Nov 1, 2011
M&A Activity
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November 1, 2011
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Securitas has acquired 65 percent of the shares in the security services company Ave Lat Sargs in Latvia. There is an agreement to acquire the remaining 35 percent of the shares in 2014. Enterprise value of the acquired 65 percent of the shares is estimated to MSEK 14 (MLVL 1.1).
Ave Lat Sarges is one of the largest security services companies in Latvia. The company has annual sales of approximately MSEK 40 (MLVL 3.1) and 280 employees. Ave Lat Sargs is mainly operating within guarding, technical security solutions and monitoring.
The acquisition is consolidated in Securitas as of November 1, 2011.
This press release is also available at: www.securitas.com
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Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 10 470 3011, mobile +46 70 287 8662, or email [email protected]
Securitas AB (publ.) P.O. Box 12307 S-102 28 Stockholm Sweden
Visiting address / Besöksadress Lindhagensplan 70 Telephone / Telefon +46 (0) 10 470 30 00 Facsimile / Telefax +46 (0) 10 470 31 22 www.securitas.com
Corp. ID no / Org.nr 556302–7241
Securitas is a knowledge leader in security, focusing on providing security solutions to fit each customer's needs in 49 countries in North America, Europe, Latin America, Middle East, Asia and Africa. Everywhere from small stores to airports, our 295,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.30 (CET) on November 1, 2011.
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