M&A Activity • Jun 9, 2011
M&A Activity
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June 9, 2011
Securitas has agreed to acquire 50 percent plus one of the shares in the security services company Al Sharika Al Muatfawika Likhadamat Al Amin Wa Al Himaya in Jordan. The seller is the Jordanian Company JoSecure, fully owned by King Abdullah II Design and Development Bureau (KADDB). Enterprise value is estimated to MSEK 23 (MJOD 2.5).
The company has annual sales of approximately MSEK 20 (MJOD 2.2) and approximately 800 employees, which makes it the second largest security services company in Jordan. The security services market in Jordan is very fragmented and is expected to grow fast.
The company is geographically present all over Jordan with concentration in the cities of Amman and Aqaba. The company is mainly operating in the customer segments banks and financial institutes, real estate developers, communications companies and commercial entities.
The acquisition is consolidated in Securitas AB as of June 1, 2011.
This press release is also available at: www.securitas.com
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 45 countries in North America, Europe, Latin America, Middle East, Asia and Africa. Everywhere from small stores to airports, our 280,000 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 14.00 (CET) on June 9, 2011
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