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Securitas AB: Acquisition in France

24 October 2001 11:00

Securitas Security Systems Europe has today agreed to acquire Clemessy ACS in France with annual sales of MSEK 120 (83 MFRF) and 140 employees. Sales are mainly split between installation (60% of sales) and servicing (40% of sales) of access control, intrusion alarms, CCTV and fire alarms.

The company has its´main activities in the south and southeast of France and complements well Securitas current presence in France in Security Systems which will have total annual sales of MSEK 650 (450 MFRF) after the acquisition.

The agreed purchase price amounts to MSEK 39 (27 MFRF) which gives a goodwill of MSEK 48
(33 MFRF) to be amortized over ten years. The acquisition is excpected to contribute positively to the result before tax in 2002.

Security Systems Europe will have total annual sales of MSEK 3000 after the acquisition.

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