Securitas acquires security services company in Mexico
Tuesday, December 23, 2008
Securitas has acquired the assets of the security services company Grupo Guardias Blancas in Mexico. With the acquisition Securitas will expand its operations to include the tourism and maritime sectors in south east of Mexico. The purchase price is estimated to approximately MSEK 16 (MMXN 27).
Guardias Blancas, with 1,500 employees, has annual sale of approximately MSEK 69 (MMXN 116). The company is specialized in security services for the tourism industry in the south east of Mexico (Quintana Roo, Yucatan and Guerrero states), but has also operations in the retail and commercial business as well as in the maritime industry.
The Mexican security services market is very fragmented, with the market leader holding an approximately 3 percent of the market share. Securitas is currently the third largest private security company in Mexico, with a strong presence in the northern part of the country. With the acquisition Securitas will become the second largest security services company in Mexico with annual sales of approximately MSEK 428 (MMXN 720).
The acquisition will be consolidated in Securitas AB as of January 1, 2009.
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs,
Securitas AB, 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 more than 30 countries in North America, Latin America, Europe and Asia. Everywhere from small stores to airports, our 250,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 13.00 (CET) on December 23, 2008