Securitas Systems acquisition in Spain
Thursday, February 10, 2005
Securitas Security Systems in Spain has acquired the operations of ESES (Empresa de Servicios Especializados de Seguridad, S.A) with nationwide installation and servicing of security systems in Spain. The company has forecasted sales of MEUR 8 (MSEK 73) in 2005. The operations have 130 employees and the enterprise value of the acquisition is MEUR 3 (MSEK 27). The service and monitoring contract portfolio accounts for 25 percent of total sales.
After the acquisition Securitas Security Systems in Spain will have annual sales of MEUR 74 (MSEK 672) and 700 employees in 30 branches throughout Spain.
The acquisition allows Security Systems to increase it's presence in different market segments and therefore enlarge the offer of specialized products and services for its customers.
Henrik Brehmer, Senior Vice President Investor Relations +44 (0) 20 8432 6523
+44 (0) 7884 117192
The press release is also available on: www.securitasgroup.com
Notes to Editors:
Security Systems Spain is part of Securitas' Security Systems Division, which supplies custom-designed technical systems built on modern technology to customers with high security demands. Concepts include high security for banks, integrated alarm systems for large customers and alarm-to-response solutions for centralized chain customers. The division has operations in 12 European countries and in the USA with a market share in Europe of about 5 percent and 1 percent in the USA. The total annual sale for the division is approximately MSEK 5,600 and it has over 4,000 employees.
Securitas is a world leader in security, active in more than 20 countries in Europe and the USA. Securitas employs over 200,000 people and the operations are organized in five specialized divisions; Security Services USA and Security Services Europe for guarding solutions, Security Systems for large alarm systems, Direct for professional and consumer alarm concepts and Cash Handling Services for cash transport, management and ATM services. Over the past 15 years, Securitas has grown to be the world's largest security company with a market share of 8 percent of the total world market. Securitas' annual sales are approximately MSEK 60,000.
The press release can also be downloaded from the enclosed link.