17 June 1998 08:00

1998-06-17, 12:10 p.m : Securitas strengthens its position in Germany

Securitas has today acquired the German guarding company Deutsche Sicherheits AG. With the acquisition, Securitas strengthens its position as one of the leading security companies in Germany.

Deutsche Sicherheits AG`s sales for 1997 amounted to approximately MSEK 290 and the number of employees was approximately 800. The company has, with a very good profitability, specialized in guarding of power plants, chemical industries and other objects with high security demands.

The acquisition price amounts to approximately MSEK 180, and the Group`s goodwill will increase by approximately MSEK 150. Having considered the acquisition costs, the acquisition will contribute positively to the Group`s result during 1998.

After the acquisition, the sales of Securitas` entire operation in Germany will amount to approximately MSEK 2000, with approximately 6900 employees.

- Deutsche Sicherheits AG complements the German operation very well and will contribute to a continued good growth and earnings performance for Securitas, says Thomas Berglund, Securitas` President.
Further information can be obtained from Thomas Berglund, President and CEO, Håkan Winberg, Executive Vice President and CFO, and Camilla Weiner, Investor Relations Manager,
telephone +46 8 657 74 00.

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