STOCKHOLM, Sweden, June 12, 2003 (PRIMEZONE) -- Securitas' division Security Services Europe has acquired Ebro Vigilancia & Seguridad SA in Zaragoza, Spain in order to strengthen its operations in the Aragon region.
Ebro Vigilancia & Seguridad SA has annual sales in guarding of MEUR 8 (MSEK 73), 300 employees and an operating margin of 7 per cent. The enterprise value of the acquisition (purchase price and assumed net debt) amounts to MEUR 2,8 (MSEK 25) which corresponds to an Enterprise value /EBITA multiple of 5 before synergies. The goodwill of MEUR 1,9 (MSEK 17) will be amortised over 5 years.
The company will be consolidated from June 1st 2003 and contribute positively to the results of the Securitas Group in 2003.
After the acquisition, Securitas Security Services in Spain will have annual sales of MEUR 328 (MSEK 2985) and 13.500 employees.
Further information can be obtained from:
Thomas Berglund, President and CEO +44 (0) 20 8432 6550 Hakan Winberg, Executive Vice President and CFO +44 (0) 20 8432 6550 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 Europe and USA
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/06/12/20030612BIT00360/wkr0001.doc
http://www.waymaker.net/bitonline/2003/06/12/20030612BIT00360/wkr0002.pdf