Securitas enters the security services market in Croatia
Securitas has acquired 85 percent of the shares in the security services company Zvonimir Security in Croatia. Enterprise value for the 85 percent of the shares is estimated to MSEK 49 (MHRK 40).
Zvonimir Security is one of the leading security services companies inCroatia, with annual sales of approximately MSEK 82 (MHRK 67) and approximately 1,000 employees. The company offers mainly guarding and mobile services and operates acrossCroatia.
The Croatian security services market is fragmented, however the top 10 companies account for 60 percent of the market.
The acquisition is consolidated inSecuritasABas of August 1, 2011.
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, mobile +46 70 287 8662, or email
Securitas is a knowledge leader in security, focusing on providing security solutions to fit each customer's needs in 45 countries in North America, Europe, Latin America, Middle East, Asia andAfrica. Everywhere from small stores to airports, our 280,000 employees are making a difference.
SecuritasABdiscloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 12.30 (CET) on July 29, 2011.