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Telia acquires Securitas- shares in Multicom Security AB

16 December 1999 08:00

Telia acquires all Securitas' shares in Multicom Security AB. Securitas acquired 45 percent of Multicom Secutiry AB, which is market leader in Sweden within the secure alarm transmission business, with annual sales of MSEK 170 and 30 employees, in connection with the acquisition of TeleLarm in October 1997.

As Telia take over Securitas’ share and becomes owner of Multicom Security AB to 100 percent, there are bigger opportunities to create synergies with other businesses.

Securitas will continue developing the positive co-operation that has been established with Multicom Security AB.

For Securitas the disposal is yet another step to focus on the core business.

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