Securitas acquires two security services companies in Uruguay
As part of the strategy to grow the business in Latin America, Securitas has acquired the security companies SATS and Servicios de Seguridad in Uruguay. The acquisitions will give Securitas a market leading position in Uruguay with a 16 percent market share in the formal guarding market. Enterprise value is estimated to MSEK 50 (MUYU 164).
SATS and Servicios de Seguridad are nationwide companies with 20 years of experience. The majority of the business is geographically located to the cities Montevideo and Canelones. Combined, the two companies have operations in guarding, monitoring and alarm response services. The companies have in total 1,500 employees and annual sales of MSEK 69 (MUYU 228).
After the acquisitions Securitas will have total annual sales in Uruguay of approximately MSEK 111 (MUYU 365) and 2,200 employees.
The acquisitions will be integrated in Securitas as of May 15, 2008.
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, phone +46 10 470 3011 or mobile +46 70 287 8662
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 10.00 on May 15, 2008.
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