Securitas strengthens its position as the leading security solutions company in Germany
Tuesday, April 12, 2016
Securitas has agreed to acquire the electronic security company Draht+Schutz in Germany. Enterprise value is estimated to MSEK 115 (MEUR 12.5).
Draht+Schutz Unternehmengruppe is a full-service provider in the electronic security industry. It offers a full spectrum of consulting, design, installation and maintenance of anti-burglary and fire control systems, CCTV, access control and perimeter security systems. Draht+Schutz has national coverage in Germany and is mainly operating in the small and medium sized enterprise segment. The company has a strong focus on multi-location chain accounts and petrol stations, where they offer standardized solutions and a high degree of process automation.
Draht+Schutz has 160 employees and annual sales of approximately MSEK 175 (MEUR 19).
“During the past years, we have focused on strengthening our technological expertise and have come far to become the leading security solutions company in Germany. With the acquisition of Draht+Schutz we will be able to further accelerate our development in Germany,” says Securitas President and CEO Alf Göransson.
The acquisition is subject to regulatory approval. Closing of the acquisition is expected during the second quarter of 2016, from which point it will be consolidated in Securitas.
This press release is also available at: www.securitas.com
Information: Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 10 470 3011, mobile +46 70 287 8662, or email firstname.lastname@example.org
Securitas is a global knowledge leader in security. We base our security solutions on customer-specific needs through different combinations of on-site, mobile and remote guarding, electronic security, fire and safety and corporate risk management. Everywhere from small stores to airports, our 330 000 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 08.00. (CET) on April 12, 2016.