Acquisition in Belgium

Friday, February 25, 2000

Baron Security S.A. is Belgium's fourth largest security company with operations mainly in guarding. The acquisition will complement Securitas existing operations in Belgium and thereby strengthen the local platform. The purchase price is MSEK 123 and the goodwill is estimated at MSEK 86.

The acquisition is subject to approval by the Belgian Competition Authorities and will be included in the Securitas Group from the date of approval. The approval is expected to be received in April at the earliest.

The acquisition will contribute positively to the income of Securitas Group from year 2000.

After the acquisition Securitas will have sales of MSEK 1,100 and 3,500 employees in Belgium.

Available documents