Securitas enters the security services market in South Africa
Following the strategy to increase its global presence, Securitas has acquired the security services company MKB Tactical in South Africa. Enterprise value is estimated to MSEK 6.4 (MZAR 6.7).
MKB Tactical has annual sales of approximately MSEK 11.4 (MZAR 12) and 250 employees. The company is mainly operating in mobile, alarm monitoring and guarding services in residential areas in Johannesburg.
The security services market in South Africa is very fragmented, with approximately 5,000 registered companies and about 310,000 registered guards.
The acquisition is consolidated in Securitas AB as of July 1, 2009.
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 10 470 3011 or 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 37 countries in North America, Latin America, Europe and Asia. Everywhere from small stores to airports, our 240,000 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 10.00 (CET) on July 29, 2009
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