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Securitas — M&A Activity 2011
Oct 18, 2011
2968_rns_2011-10-18_4cf5fb86-e2d7-48e3-893a-0bb7db06a6f0.pdf
M&A Activity
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October 18, 2011
Securitas completes the acquisition of Cobelguard, Belgium
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The Belgian competition authority has approved Securitas' acquisition of the security services company Cobelguard.
As disclosed on August 5, 2011, Securitas has agreed to acquire Cobelguard, with annual sales of approximately MSEK 535 (MEUR 60) and approximately 1,600 employees. The enterprise value is estimated to MSEK 347 (MEUR 39).
The acquisition is consolidated in Securitas AB as of October 1, 2011.
This press release is also available at: www.securitas.com
Information:
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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 16.00 (CET) on October 18, 2011.