Securitas acquires Sonasa Madeira S.A. in Portugal
11/15/1999 2:00 AM EST
Securitas has today, with effect from December 1, 1999, acquired the Portuguese company Sonasa Madeira S.A.
Sonasa Madeira S.A. operates on Madeira and the Azores. The company has today approximately 500 employees and annual sales of MSEK 59 were guarding constitutes the main part.
The acquisition price amounts to MSEK 25 and the acquisition is expected to contribute positively to income before tax from year 2000.
After the acquisition, sales in Securitas' Portuguese operations will amount to approximately MSEK 970 on a full year basis.