Securitas acquires security services company in South Africa
Following the strategy to increase its global presence, Securitas has acquired the security services company Piranha Security (CC) in South Africa. Enterprise value is estimated to MSEK 15 (MZAR 15).
Piranha Security has annual sales of approximately MSEK 40 (MZAR 40) and approximately 500 employees. The company is specialized in guarding and monitoring services, mainly in Johannesburg.
With this acquisition, Securitas in South Africa has annual sales of approximately MSEK 119 (MZAR 120) and approximately 1,500 employees, with operations in guarding, security systems, mobile services, alarm monitoring, forensics and risk management services.
The acquisition is consolidated in Securitas AB as of 1 December, 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, mobile +46 70 287 8662, or email firstname.lastname@example.org
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 15.30 (CET) on December 22, 2010.