Securitas acquires security services company in Argentina
Securitas has agreed to acquire the security services company El Guardian in Argentina. The acquisition strengthen Securitas’ role as the market leader in Argentina. Enterprise value is estimated to MSEK 110 (MARS 52).
El Guardian has annual sales of approximately MSEK 93 (MARS 44), with approximately 1,200 employees. The company operates mainly in the northeast and northwest parts of the country. El Guardian has a stable customer portfolio in the segments energy, forest industry, food industry and banks.
Securitas started operations in Argentina in 2001. Since then, there have been a number of acquisitions and Securitas is today the market leader in security services with 12 percent of the Argentinean market.
The acquisition of El Guardian will strengthen Securitas’ market leader position in Argentina and gives Securitas operations in geographical areas where Securitas is not present today.
The acquisition will be consolidated in Securitas as of October 1, 2008.
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 September 22, 2008
This information was brought to you by Cision http://www.cisionwire.com
The following files are available for download: