Securitas acquires the Belgian security services company Cobelguard
Securitas has agreed to acquire the Belgian security services company Cobelguard. Enterprise value is estimated to MSEK 347 (MEUR 39).
Cobelguard has annual sales of approximately MSEK 535 (MEUR 60) and approximately 1,600 employees. The company is mainly operating in guarding inBelgium, and has also operations in Luxemburg.
Securitas is one of the leading players in the security services market inBelgium. With this acquisition, Securitas will strengthen its position in the retail segment.
The acquisition is subject to approval from Belgian competition authorities.
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 email@example.com
Securitas is a knowledge leader in security, focusing on providing security solutions to fit each customer's needs in 45 countries in North America, Europe, Latin America, Middle East, Asia and Africa. Everywhere from small stores to airports, our 280,000 employees are making a difference.
SecuritasABdiscloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.15 (CET) on August 5, 2011.