Securitas Acquires Security Services Company in Serbia
9 December 2009
Securitas has acquired the security services company Gordon D.o.o. in Serbia. Enterprise value is estimate to MSEK 33 (MRSD 297).
Gordon has annual sales of approximately MSEK 51 (MRSD 465) and approximately 1,100 employees. A majority of Gordon's sales is in guarding services. The company has also operations in technical security, monitoring operations and fire prevention.
Securitas will with this acquisition strengthen its position in Serbia and become number two in the Serbian security services market, with approximately 2,600 employees.
The Serbian security services market is fragmented, with approximately 220 companies with in total 46,000 security employees. The security services market in Serbia is estimated to be worth MSEK 1,500 (MEUR 144).
The acquisition is consolidated in Securitas AB as of December 9, 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
ecuritas 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, Asia, Middle East and Africa. Everywhere from small stores to airports, our 240,000 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 10.00 (CET) on December 9, 2009