Securitas enters the security services market in Vietnam
Following the strategy to expand in Asia, Securitas has agreed to acquire 49 percent of the Vietnamese security services company Long Hai Security. Purchase price is approximately MSEK 35 (MVND 88,000).
Long Hai Security has annual sales of approximately MSEK 53 (MVND 134,000) and approximately 2,500 employees. The company is the market leader in the Vietnamese security services market and operates throughout Vietnam, with its largest branches being in Ho Chi Minh City and Hanoi. Long Hai Security provides mainly guarding services, but has also operations protecting its customers’ property in secure cash transportation, executive protection and alarm monitoring services. Long Hai Security is consolidated in Securitas AB as of January 1, 2010. This press release is also available at: www.securitas.com Information: Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 10 470 3011 or 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 40 countries in North America, Europe, Latin America, Asia, Middle East and Africa. Everywhere from small stores to airports, our 240,000 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 December 29, 2009.