Securitas acquires security services company in South Africa
Securitas has acquired the security services company Orbis Security Solutions (Pty) Ltd in South Africa. Enterprise value is estimated to MSEK 35 ( MZAR 42).
Orbis Security Solutions has annual sales of MSEK 76 (MZAR 90) and approximately 1,500 employees. The company offers specialized guarding solutions in theWestern Cape Province.
With this acquisition, Securitas inSouth Africahas approximately 3,000 employees, with operations in guarding, mobile, alarm monitoring, technology, forensics and risk management services. Securitas also becomes one of the top 3 security services companies in theWestern Caperegion, one of the 3 key economic regions inSouth Africa.
The acquisition is consolidated in Securitas AB as of October 1, 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
Securitas is a knowledge leader in security, focusing on providing security solutions to fit each customer's needs in 49 countries in North America, Europe, Latin America, Middle East, Asia andAfrica. Everywhere from small stores to airports, our 295,000 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 October 7, 2011