Securitas completes the acquisition of Cobelguard, Belgium
The Belgian competition authority has approved Securitas’ acquisition of the security services company Cobelguard.
As disclosed on August 5, 2011, Securitas has agreed to acquire Cobelguard, with annual sales of approximately MSEK 535 (MEUR 60) and approximately 1,600 employees. The enterprise value is estimated to MSEK 347 (MEUR 39).
The acquisition is consolidated inSecuritasABas 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, mobile +46 70 287 8662, or email firstname.lastname@example.org
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.
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 16.00 (CET) on October 18, 2011.