Securitas acquires monitoring company in Spain
Securitas has acquired the monitoring company Tecniserv in Spain. With this acquisition, Securitas enters the alarm monitoring market in Spain. The enterprise value is estimated to MSEK 76 (MEUR 7).
Tecniserv has annual sales of approximately MSEK 54 (MEUR 5) and approximately 60 employees. The company operates in three areas: service of own connections portfolio, installation of new alarm systems and monitoring of third party connections. The majority of the customers are located in the Madrid area. The acquisition will strengthen Securitas monitoring services’ (also called Securitas Alert Services) operations in Europe. The acquisition is consolidated in Securitas AB as of December 30, 2009. This press release is also available at: www.securitas.com Information: 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 40 countries in North America, Europe, Latin America, Asia, Middle East and Africa. 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 09.00 (CET) on December 31, 2009.