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Securitas sells fire alarm operations in France December 24, 1998

28 December 1998 10:00

According to plan, and as previously announced, Securitas has had the intention to sell the fire alarm companies Proteg Incendie and Proteg Extincteurs in France. As a consequence thereof, Securitas has today entered upon an agreement with Williams PLC as to complete the sale of these companies.

These operations, which post sales of approximately MSEK 600 (MFFR 425) on an annual basis, constitute a minor part of Proteg's operations in France. The purchase price amounts to approximately MSEK 715 (MFFR 502). The transaction will not affect Securitas' profit 1998.

Sale of these operations is a step in Securitas' preparations for continued expansion within the core businesses, says Thomas Berglund, President and CEO of Securitas.

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