STOCKHOLM, Sweden, April 1, 2003 (PRIMEZONE) -- Securitas (Other OTC:SCTBF) has acquired Lincoln Security in California with 2,900 employees and annual sales of M US $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 M US $13.7 (MSEK 116). Goodwill from the acquisition amounts to M US $13.7 (MSEK 116) and will be amortized over ten years. The acquisition, which will be consolidated as from April 1, 2003, will contribute positively to the results of the Securitas Group in 2003.
Further information can be obtained from: Thomas Berglund, President and CEO +44 (0) 20 8432 6551 Hakan Winberg, Executive Vice President and CFO +44 (0) 20 8432 6554 Henrik Brehmer, Senior Vice President Investor Relations +44 (0) 20 8432 6523 +44 (0) 7884 117 192
The press release is also available on: www.securitasgroup.com
Securitas is a World leader in Security providing security solutions comprising guarding services, alarm systems and cash handling services. Securitas has more than 200.000 employees in 30 countries in USA and Europe.
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/04/01/20030401BIT00540/wkr0001.doc
http://www.waymaker.net/bitonline/2003/04/01/20030401BIT00540/wkr0002.pdf