Securitas acquires security services company in Chile
Tuesday, June 30, 2009
Following the strategy to further expand its presence in Latin America, Securitas has agreed to acquire the security services company World Wide Security in Chile. Enterprise value is estimated to MSEK 83 (MCLP 6).
World Wide Security, with approximately 1,800 employees, has annual sales of approximately MSEK 124 (MCLP 9). The company is operating mainly in security services, but has also alarm monitoring operations. World Wide Security is the fourth largest security services provider in Chile, with high brand name recognition.
Securitas in Chile, with annual sales of approximately MSEK 110 (MCLP 8) and approximately 1,400 employees, is today the fifth largest security services company in the country. The acquisition will generate important commercial advantages and increase the business coverage especially in the Southern part of Chile.
The security services market in Chile is very fragmented, with over 1,000 security services companies. The Chilean security market is fast growing and estimated to be worth totally approximately MSEK 9,200 (MUSD 1,200).
The acquisition will be consolidated in Securitas as of July 1, 2009.
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 10 470 3011 or mobile +46 70 287 8662
Securitas is a knowledge leader in security. By focusing on providing security solutions to fit each customer's needs, Securitas has achieved sustainable growth and profitability in 37 countries in North America, Latin America, Europe and Asia. Everywhere from small stores to airports, our 240,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instrumets
Trading Act. The information was submitted for publication at 09.00 (CET) on June 30, 2009