Securitas Acquires Security Services Company in Mexico
2 December 2009
Securitas has acquired the security services company Grupo Argos in Mexico. Enterprise value is estimated to MSEK 22 (MMXN 42).
Grupo Argos has annual sales of approximately MSEK 48 (MMXN 93) and approximately 900 employees. A majority of the operations are guarding services.
The Mexican security services market is very fragmented, with approximately 6,000 security services companies registered. Securitas is currently the second largest private security services company in the country. With this acquisition, Securitas will strengthen its position in the Mexico City area.
The acquisition is consolidated in Securitas AB as of December 1, 2009.
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 10 470 3011 or mobile +46 70 287 8662