Securitas enters the security services market in Montenegro

 

Securitas enters the security services market in Montenegro

 Securitas has acquired 75 percent of the shares in the security
services company Guardian Security in Montenegro. With this acquisition,
Securitas expands in the Balkan area. Enterprise value is estimated to
MSEK 36 (MEUR 3.8).

Guardian Security, with approximately 600 people working as security
guards, has annual sales of approximately MSEK 40 (MEUR 4.2). The
majority of the company's sales represent guarding services. The company
has a stable contract portfolio with customers in for example the
mining, construction and financial segments.

With the acquisition of Guardian Security, Securitas will become the
market leader in Montenegro.

The acquisition is consolidated in Securitas AB as of August 1, 2010.

This press release is also available at:
www.securitas.com (http://www.securitas.com/)

 

Information:

Gisela Lindstrand, Senior Vice President Corporate Communications and
Public Affairs, Securitas AB, phone +46 10 470 3011, mobile +46 70 287
8662, or email gisela.lindstrand@securitas.com

Micaela Sjökvist, Head of Investor Relations, Securitas AB, phone +46
10 470 3013, mobile +46 76 116 7443, or micaela.sjokvist@securitas.com