M&A Activity • Sep 14, 2011
M&A Activity
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September 14, 2011
Securitas has acquired 51 percent of the shares of Sensormatic Guvenlik Group (Sensormatic), one of the leading technical security services companies in Turkey. Enterprise value of the acquired 51 percent of the shares is estimated to MSEK 118 (MTRY 32). There is an agreement to acquire the remaining shares of Sensormatic.
Sensormatic is specialized in technical security solutions to for example retail, airport, banking, commercial and industrial customers. The company has annual sales of approximately MSEK 195 (MTRY 50) and 180 employees, and is located in Istanbul, Ankara, Izmir, Antalya, Bursa and Gaziantep.
Securitas is the market leader in security services in Turkey, with 9,500 employees. This acquisition is in line with Securitas strategy to complement specialized physical security solutions with technical security solutions. Securitas and Sensormatic will continue their development in Turkey based on their strong customer base and on top will benefit from working together approaching the market with new security solutions.
The acquisition is consolidated in Securitas AB as of September 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 08.00 (CET) on September 14, 2011.
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