Securitas: Acquisitions in Hungary and Poland

Thursday, July 11, 2002

Securitas has acquired Koetter Security Hungaria KFT with 455 employees and annual sales of MHUF 920 (MSEK 35) in security services (50%) and cash handling services (50%). The purchase price amounts to MHUF 340 (MSEK 13) which gives a goodwill of MHUF 276 (MSEK 10) to be amortized over 5 years.

After the acquistion Securitas in Hungary will have annual sales of MHUF 3 900 (MSEK 146) and 1200 employees.

Securitas has also acquired Elberg Sp.z.o.o in eastern Poland with 158 employees and annual sales of MPLN 4.3 (MSEK 11) in security services (60%) and security systems (40%). The purchase price amounts to MPLN 1 (MSEK 2,4) which gives a goodwill of MPLN 1 (MSEK 2,4) to be amortized over 5 years.

After the acquisition Securitas in Poland will have annual sales of MPLN 131 (MSEK 328) and 3000 employees.

Available documents