Securitas acquires security services company in Romania
Securitas has acquired the security services company Cobra Security in Romania. Enterprise value is estimated to MSEK 29 (MRON 13).
Cobra Security has annual sales of approximately MSEK 39 (MRON 18) and over 1,000 employees. The company has a balanced and diversified customer portfolio. Cobra Security is focused on guarding and monitoring services, and has operations throughout Romania.
With this acquisition, Securitas will strengthen its position in the Romanian security services market.
The acquisition is consolidated in Securitas AB as of December 2, 2010.
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 Gisela.email@example.com
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, Middle East, Asia and Africa. Everywhere from small stores to airports, our 260,000 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 15.00 (CET) on December 2, 2010.