Securitas launches a public offer to the shareholders and the warrant holders in Niscayah

Monday, May 16, 2011

This press release may not, directly or indirectly, be distributed or published in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States. The offer is not being made to (and acceptances will not be accepted from) persons in those countries or elsewhere where their participation requires further documentation, filings or other measures in addition to those required by Swedish law. This press release has been published in Swedish and English. In the event of any discrepancy in content between the language versions, the Swedish version shall prevail.

Securitas AB (“Securitas”), a global knowledge leader within specialised guarding and security services, today announces a public offer to acquire all shares and warrants of Niscayah Group AB (“Niscayah”), a global technical security services company (the “Offer”).

Read the full-length version of the press release by clicking here.

For the recorded version of the webcast from the press conference on Monday May 16, 2011, please click here.

For presentation slides from the press conference, please click here.

Summary

The acquisition of Niscayah is an important strategic step in order for Securitas to improve the abilities to offer its customers comprehensive security programmes in the form of specialised physical security solutions within guarding, technical security solutions as well as consulting and crisis management services.

Securitas estimates that the acquisition will create cost synergies of approximately SEK 200 million annually, with full effect from 2013. Restructuring costs are estimated to amount to approximately SEK 250 million in 2011 and 2012. The acquisition is expected to be accretive to earnings per share from 2013 when the cost synergies are fully realised.

The Offer to the shareholders of Niscayah consists of new class A and class B shares in Securitas. For every 4.19 class A and class B shares respectively in Niscayah, each shareholder will receive one (1) class A and class B share in Securitas respectively.

The Offer represents a premium of approximately 34 percent compared to Niscayah’s volume weighted average share price of approximately SEK 11.97 during the last three months up to and including May 13, 2011 being the last day of trading prior to announcement of the Offer.
Niscayah’s largest shareholders, Latour, SäkI and MSAB believe that there is a strong industrial rationale behind the acquisition and have stated that they support the Offer.

The acceptance period of the Offer is expected to commence on June 20, 2011 and expire on July 18, 2011. An extraordinary general meeting in Securitas will be held on June 13, 2011 to adopt the necessary resolutions to issue the consideration shares.

“Niscayah complements Securitas through its strategic expertise on how security technologies can be integrated into a comprehensive solution for the highest possible quality, cost efficiency and customer value. The acquisition of Niscayah allows Securitas to, with its own resources, master specialised security services, security technology and qualified security advice, which significantly strengthens Securitas competitiveness." says Alf Göransson, Securitas' President and CEO.

Press conference May 16, 2011 11.00 (CET)

In respect of the Offer, Securitas arranged a press conference on May 16, at 11.00 (CET), at Securitas’ Head Office, Lindhagensplan 70, Stockholm, with President and CEO Alf Göransson. For a recorded version of the webcast from the press conference, please click here.

For more information please contact

Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, phone +46 10 470 30 11, mobile +46 70 287 86 62, or email gisela.lindstrand@securitas.com

Micaela Sjökvist, Head of Investor Relations, phone +46 10 470 30 13, mobile +46 76 116 74 43, or email micaela.sjokvist@securitas.com

Securitas AB discloses the information provided herein pursuant to the Securities Market Act and the Takeover Rules. The information was submitted for publication on May 16, 2011 at 08.00 (CET).

 Read the full length version of the press release by clicking here.

 

Available documents