Securitas enters the security services market in Serbia
Following the strategy to further expand its presence in Eastern Europe, Securitas has acquired the security services company SCP International in Serbia. Enterprise value is estimated to MSEK 36 (MEUR 3.8).
SCP International is the third major security services company in Serbia, with 6 percent market share in guarding. The company has annual sales of approximately MSEK 76 (MEUR 8) and about 1,500 employees. SCP International, which was established five years ago, has a strong position in the capital Belgrade and also guarding operations in other 45 cities in Serbia.
The Serbian economy is developing with a GDP growth of 6 percent and the Serbian security market is estimated to be worth MSEK 1,400 (MEUR 148).
The acquisition has been approved by the Serbian competition authorities.
SCP International will be consolidated in Securitas AB as from September 2, 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 09.00 (CET) on September 3, 2008