Paragon Systems, Inc. (a subsidiary of Pinkerton’s Government Services, Inc.), within the Securitas Group, has agreed to acquire the security services company Security Consultants Group, Inc. (SCG) in the USA. With this acquisition, Securitas expands in the primary government security services market in the USA. Enterprise value is estimated to MSEK 140 (MUSD 22).
SCG has annual sales of approximately MSEK 670 (MUSD 106) and approximately 2,000 employees. The company is based in Oak Ridge, Tennessee, and operates in 22 U.S. states.
SCG specializes in providing high level, armed security officer services to various US Government agencies and facilities protecting vital Federal infrastructure, including US Courthouses, Federal Buildings, Federal offices and four Presidential Libraries.
“SCG is one of the leading security services companies in the prime government sector in the U.S. The acquisition is in line with the Securitas Group’s specialization strategy of acquiring high quality security providers that bring knowledge and experience from specialized customer segments”, says Alf Göransson, President and CEO of the Securitas Group.
The acquisition is consolidated in Securitas AB as of April 15, 2011.
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 or email firstname.lastname@example.org
Securitas is a knowledge leader in security, focusing on providing security solutions to fit each customer's needs in 45 countries in North America, Europe, Latin America, Middle East, Asia and Africa. Everywhere from small stores to airports, our 280,000 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 17.45 (CET) on April 15, 2010.
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