Securitas enters the security services market in Sri Lanka

 

Securitas enters the security services market in Sri Lanka

Following the strategy to enter new markets, Securitas has acquired 60
percent of the shares in the security services company Bren Security in
Sri Lanka. Enterprise value is estimated to MSEK 37 (MLKR 570).

Bren Security has annual sales of approximately MSEK 15 (MLKR 230) and
approximately 1,050 employees. The company operates in guarding
services, mainly for embassies, international non governmental
organizations (NGOs), commercial sites and residential customers in the
Colombo city area. Bren Security also provides mobile security services
for special events and VIP escort services.

At the end of a 30 years armed conflict, Sri Lanka is now well poised to
achieve high sustainable economic growth, with an estimated GDP growth
of approximately 6 percent during the coming two years.

The security services market in Sri Lanka is very fragmented, with about
300 security services companies.

The acquisition is consolidated in Securitas AB as of June 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 (gisela.lindstrand@securitas.com)

Securitas is a knowledge leader in security. By focusing on providing
security solutions to fit each customer's needs, Securitas has achieved
sustainable growth and profitability in 40 countries in North America,
Europe, Latin America, Middle East, Asia and Africa. Everywhere from
small stores to airports, our 260,000 employees are making a difference.

Securitas AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 09.00 (CET) on June 1,
2010.