Securitas acquires security services company in the Czech Republic and Slovakia
Securitas has acquired the security services company ASF (Agency of Security Fenix) in the Czech Republic and Slovakia. Enterprise value is estimated to MSEK 70 (MCZK 170).
ASF operates within security services, including mobile patrols and monitoring, with about 1,250 employees in Czech Republic and 200 in Slovakia. The company has annual sales of approximately MSEK 164 (MCZK 395). ASF is a well-established company with wide coverage and a good customer portfolio, for example in the banking, office building and state contract segments. The company is the third largest market player in the Czech Republic.
With this acquisition Securitas will be the market leader in security services in the Czech Republic, with annual sales of MSEK 463 (MCZK 1,115). At the same time Securitas will enter the market in Slovakia with the sales of MSEK 25 (MSKK 70).
ASF will be consolidated in Securitas as of December 19, 2008.
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs,
Securitas AB, 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 more than 30 countries in North America, Latin America, Europe and Asia. Everywhere from small stores to airports, our 250,000 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 December 22, 2008.