Securitas strengthens its position in the Tracking & Tracing market in Belgium, the Netherlands and Luxembourg
Following the strategy to further expand its business in the growing Tracking & Tracing market, Alert Services Holding, a Brussels based subsidiary of Securitas, has acquired the Belgian company Eureca Benelux Services, the Satworld group of companies in the Netherlands, and the company LuxTracing, based in Luxemburg. These are three separate acquisitions made during the third quarter 2008 and the total enterprise value for these three acquisitions is estimated to MSEK 100 (MEUR 10.5).These three companies have similar activities in specific geographies, covering the totality of the Benelux