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Securitas acquires Lincoln Security in the U.S.

01 April 2003 09:00

Securitas has acquired Lincoln Security in California with 2 900 employees and annual sales of MUSD 27 (MSEK 229) in 2002. The company provides guard services in California, Nevada and Oregon.

The acquisition will strengthen Securitas position in the southern California region and give access to new market segments.

The purchase price is MUSD 13,7 (MSEK 116). Goodwill from the acquisition amounts to MUSD 13,7 (MSEK 116) and will be amortized over ten years. The acquisition, which will be consolidated as from April 1st, 2003, will contribute positively to the results of the Securitas Group in 2003.

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