Securitas Systems acquisition in the US
Friday, April 08, 2005
Securitas Security Systems in the United States has acquired Wornall Electronics Inc., the market leader in Kansas City. Wornall presently installs and services security systems in the Kansas City and New Jersey markets. The company has forecasted sales of MUSD 5 (MSEK 35) in 2005 with an employee base of 27. The enterprise value of the acquisitions amounts to MUSD 2 (MSEK 14)
This acquisition allows Securitas Systems to establish a strong local market presence in Kansas City and New Jersey. The New Jersey operation has the capacity to service the metro New York City market. These two operations will give Securitas Systems access to new markets and increase our footprint to further support the national customer market segment in the United States.
Håkan Winberg, Executive Vice President and CFO +44 (0) 20 8432 6500
Henrik Brehmer, Senior Vice President Investor Relations +44 (0) 20 8432 6523
The press release is also available on: www.securitasgroup.com
Notes to Editors:
Security Systems USA is part of the Securitas Systems Division, supplying custom designed integrated and high end security solutions for demanding customers. Major customer segments are banks and financial institutions, offices and industrial sites as well as multi site installations like utilities, logistics centers and retail chains. The division has operations and coverage in 12 European countries and in the USA with an average market share in Europe of about 5 percent and 1 percent in the USA. The total annual sale for the division is approximately MSEK 5,600 and it has over 4,000 employees.
Securitas is a world leader in security, active in more than 20 countries in Europe and North America. Securitas employs over 200,000 people and the operations are organized in five specialized divisions; Security Services USA and Security Services Europe for guarding solutions, Security Systems for integrated and high end security systems, Direct for professional and consumer alarm concepts and Cash Handling Services for cash processing, transport and ATM services. Over the past 15 years, Securitas has grown to be the world's largest security company with a market share of 8 percent of the total world market. Securitas' annual sales are approximately MSEK 60,000.
The press release can also be downloaded from the enclosed link