Securitas enters the security services market in Chile
Following the strategy to further expand its presence in Latin America, Securitas has acquired the security services company FM Seguridad in Chile. Enterprise value is estimated to MSEK 47.5 (MCLP 3.8).
FM Seguridad, with 1,200 employees, has projected annual sales of MSEK 62.5 (MCLP 5) in 2008. The company is operational mainly in guarding, but also in monitoring. It is primarily present in Santiago de Chile and in La Serena in northern Chile.
The acquisition will give Securitas access to the fast growing Chilean security market, estimated to be worth totally MSEK 4,700 (MUSD 800) and which has grown by 25 percent annually during the past four years.
The acquisition is integrated in Securitas as of June 1, 2008
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, phone +46 10 470 3011 or mobile +46 70 287 8662
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 08.30 on June 13, 2008.