Securitas acquires CGS Customer Ground Services SA in Switzerland

10/4/2002 7:23 AM EST

Protectas SA, the Swiss operations of the Securitas Group, has acquired
85 per cent of CGS Customer Ground Services SA in Zurich with annual
sales of MCHF 10 (MSEK 62) and 100 employees. The company is active in
security services, mainly document verification in the airports in
Zurich, Geneva and Basel. The company has a good growth and good
profitability.

The purchase price for 85 per cent of the shares amounts to MCHF 5,1
(MSEK 32) which gives a goodwill of MCHF 4,7 (MSEK 29) to be amortized
over ten years. Protectas has an option to buy the remaining 15 per cent
of the shares after the end of 2004. The company will be consolidated in
the Securitas Group as from October 1st, 2002 and will contribute
positively to the results of the Securitas Group in 2002.

After the acquisition the total annual sales in security services in
Switzerland will amount to MCHF 90 (MSEK 558) with 1000 employees.

Securitas is a world leader in security, providing services within
guarding, alarms, cash handling and consulting & investigations.
The group has about 230,000 employees in more than 30 countries.

Further information can be obtained from Thomas Berglund, President and
CEO,
Håkan Winberg, Executive Vice President and CFO and Henrik Brehmer,
Investor Relations, phone: +44 208 432 6500