Securitas enters the security services market in Montenegro
8/10/2010 11:00 AM EST
Securitas has acquired 75 percent of the shares in the security services company Guardian Security in Montenegro. With this acquisition, Securitas expands in the Balkan area. Enterprise value is estimated to MSEK 36 (MEUR 3.8).
Guardian Security, with approximately 600 people working as security guards, has annual sales of approximately MSEK 40 (MEUR 4.2). The majority of the company’s sales represent guarding services. The company has a stable contract portfolio with customers in for example the mining, construction and financial segments.
With the acquisition of Guardian Security, Securitas will become the market leader in Montenegro.
The acquisition is consolidated in Securitas AB as of August 1, 2010.
This press release is also available at: www.securitas.com
Information:
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 10 470 3011, mobile +46 70 287 8662, or email
Micaela Sjökvist, Head of Investor Relations, Securitas AB, phone +46 10 470 3013, mobile +46 76 116 7443, or