Securitas acquires security services company in Argentina
Following the strategy to increase its presence in Latin America, Securitas has acquired the security services company Vigilan in Argentina. Enterprise value is estimated to MSEK 91 (MARS 49).
Vigilan has annual sales of approximately MSEK 97 (MARS 52) and 1,060 employees. The company is mainly operating in guarding services and alarm monitoring in the south of Argentina. A majority of the customers are in the petroleum, energy, retail, industry and bank segments. Securitas is today the market leader in security services in Argentina, with approximately 10,600 employees. The main operations are located to the city and state of Buenos Aires and in the northeast and northwest of Argentina. With this acquisition Securitas expands its business in the southern region of Argentina and will from now on be able to service the entire country. The acquisition is consolidated in Securitas AB as of September 1, 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 10.00 (CET) on September 7, 2009