Acquisition in France
10/24/2001 10:30 AM EST
Securitas Security Systems Europe has today agreed to acquire Clemessy
ACS in France with annual sales of MSEK 120 (83 MFRF) and 140 employees.
Sales are mainly split between installation (60% of sales) and servicing
(40% of sales) of
access control, intrusion alarms, CCTV and fire alarms.
The company has its´main activities in the south and southeast of France
and complements well Securitas current presence in France in Security
Systems which will have total annual sales of
MSEK 650 (450 MFRF) after the acquisition.
The agreed purchase price amounts to MSEK 39 (27 MFRF) which gives a
goodwill of MSEK 48
(33 MFRF) to be amortized over ten years. The acquisition is excpected
to contribute positively to
the result before tax in 2002.
Security Systems Europe will have total annual sales of MSEK 3000 after
the acquisition.
Further information can be obtained from Thomas Berglund, President and
CEO, tel +44 7712 069 598 or Håkan Winberg, Executive Vice President and
CFO, tel +44 7990 562 582