M&A Activity • Nov 25, 2009
M&A Activity
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November 25, 2009
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Securitas has agreed to acquire 75 percent of the shares in the security services company GMCE Gardiennage in Morocco. The purchase of the remaining 25 percent of the shares is agreed to take place in 2013 and will be based on the financial performance of the company until the year 2012. Enterprise value is estimated to approximately MSEK 22 (MEUR 2.1).
GMCE Gardiennage has 400 employees and annual sales of approximately MSEK 13 (MEUR 1.3). The company is providing security services all over the country, with half of the operations in the cities Casablanca and Rabat.
The security services market in Morocco is growing fast and is expected to become more regulated in the near future.
The acquisition is consolidated in Securitas AB as of December 1, 2009.
This press release is also available at: www.securitas.com
Micaela Sjökvist, Head of Investor Relations, Securitas AB, phone +46 10 470 3013 or mobile +46 76 116 7443
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. 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, Asia, Middle East and Africa. Everywhere from small stores to airports, our 240,000 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 09.00 (CET) on November 25, 2009.
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