Securitas acquires security services company in South Africa
Following the strategy to increase its global presence, Securitas has acquired the security services company Claw Protection Services in South Africa. Enterprise value is estimated to MSEK 12 (MZAR 13).
Claw Protection Services has annual sales of approximately MSEK 38 (MZAR 40) and approximately 800 employees. The company is specialized in guarding, mainly in the areas of Johannesburg and Pretoria. Claw Protection Services has also an in-house training centre for guards.
With this acquisition, Securitas in South Africa has annual sales of approximately MSEK 56 (MZAR 58) and approximately 1,050 employees, with operations in guarding, mobile, alarm monitoring, forensics and risk management services.
The security services market in South Africa is very fragmented, with about 5,000 registered security companies and about 310,000 registered security guards. The security market has an estimated annual growth of 8-10 percent.
The acquisition is consolidated in Securitas AB as of 1 March, 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
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, 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 13.00 (CET) on March 1, 2009