Securitas in negotiations regarding acquisition of Systems in France.
Securitas Security Systems in France is in exclusive negotiations with Valiance Group, the French leader in Cash Handling Services, regarding the possible acquisition of Eurotelis Valiance. The company, which has 370 employees, is operating in the security systems business in France with annual sales in 2003 of MEUR 27 (MSEK 250), mainly from installation and alarm monitoring.
This acquisition should significantly strengthen the position of Securitas Systems in France and should permit us to take the leadership in the bank and post market segment.
An agreement is expected to be signed by the parties during April 2004.
Further information can be obtained from:
Thomas Berglund, President and CEO +44 (0) 20 8432 6500
Håkan Winberg, Executive Vice President and CFO +44 (0) 20 8432 6500
Henrik Brehmer, Senior Vice President Investor Relations +44 (0) 20 8432 6523
The press release is also available on: www.securitasgroup.com
Securitas is a World leader in security providing security solutions comprising guarding services, alarm systems and cash handling services. Securitas has more than 200 000 employees in 30 countries in Europe and USA.
The press release can also be downloaded from the enclosed link.