M&A Activity • Aug 10, 2010
M&A Activity
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August 10, 2010
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Securitas has acquired 75 percent of the shares in the security services company Guardian Security in Montenegro. With this acquisition, Securitas expands in the Balkan area. Enterprise value is estimated to MSEK 36 (MEUR 3.8).
Guardian Security, with approximately 600 people working as security guards, has annual sales of approximately MSEK 40 (MEUR 4.2). The majority of the company's sales represent guarding services. The company has a stable contract portfolio with customers in for example the mining, construction and financial segments.
With the acquisition of Guardian Security, Securitas will become the market leader in Montenegro.
The acquisition is consolidated in Securitas AB as of August 1, 2010.
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]
Micaela Sjökvist, Head of Investor Relations, Securitas AB, phone +46 10 470 3013, mobile +46 76 116 7443, or [email protected]
Securitas is a knowledge leader in security. By focusing on providing security solutions to fit each customer's needs, Securitas has achieved sustainable growth and profitability in 40 countries in North America, Europe, Latin America, Middle East, Asia and Africa. Everywhere from small stores to airports, our 260,000 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 17.00 (CET) on August 10, 2010.
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
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