Securitas Acquires Security Services Company in Chile
30 June 2009
Following the strategy to further expand its presence in Latin America, Securitas has agreed to acquire the security services company World Wide Security in Chile. Enterprise value is estimated to MSEK 83 (MCLP 6).
World Wide Security, with approximately 1,800 employees, has annual sales of approximately MSEK 124 (MCLP 9). The company is operating mainly in security services, but has also alarm monitoring operations. World Wide Security is the fourth largest security services provider in Chile, with high brand name recognition.
Securitas in Chile, with annual sales of approximately MSEK 110 (MCLP 8) and approximately 1,400 employees, is today the fifth largest security services company in the country. The acquisition will generate important commercial advantages and increase the business coverage especially in the Southern part of Chile.
The security services market in Chile is very fragmented, with over 1,000 security services companies. The Chilean security market is fast growing and estimated to be worth totally approximately MSEK 9,200 (MUSD 1,200).
The acquisition will be consolidated in Securitas as of July 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