Securitas strengthens its position in the Tracking & Tracing market in Belgium, the Netherlands and Luxembourg
Monday, October 13, 2008
Following the strategy to further expand its business in the growing Tracking & Tracing market, Alert Services Holding, a Brussels based subsidiary of Securitas, has acquired the Belgian company Eureca Benelux Services, the Satworld group of companies in the Netherlands, and the company LuxTracing, based in Luxemburg. These are three separate acquisitions made during the third quarter 2008 and the total enterprise value for these three acquisitions is estimated to MSEK 100 (MEUR 10.5).
These three companies have similar activities in specific geographies, covering the totality of the Benelux countries. They develop, distribute, sell, install and maintain complete solutions for Tracking & Tracing of vehicles to the aftermarket, through a network of dealers and via direct sales. For the alarm monitoring and service of these installations both Satworld and Eureca Benelux Services have cooperated with Securitas’ Alert Services Division, ever since their establishment.
The total employment in the three companies is 30 persons at locations in Tiel (Netherlands), Lasne (Belgium) and Foetz (Luxemburg) and the total sales of the three companies is approximately MSEK 70.
Securitas Alert Services operates a Tracking and Tracing network throughout most EU countries. In the Benelux it offers alarm monitoring, verification, assistance and follow-up services to more then 100,000 customers. More then 20 percent of these have chosen for Tracking & Tracing solutions. With these acquisitions, Securitas Alert Services increases its ability to deliver a more complete service to its customers such as car dealers, installation companies, fleet-owners and end-users. This will be achieved by adding the acquired specialised hardware know-how and related services to the present European Alert Services offer.
The acquisitions are consolidated in Securitas AB during the third quarter of 2008 (Satworld) and as of October 1, 2008 (Eureca and LuxTracing).
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 08.45 (CET) on October 13, 2008.