Securitas Systems expands to Italy with the acquisition of CIS
Securitas Systems AB (publ.) is expanding in Europe and acquires 75 per cent of the Italian company CIS SpA (CIS). CIS is a leading security systems integrator for the Italian banking sector. The annual sale of CIS in 2006 is estimated to approx. 126 MSEK (14 MEUR) and the acquisition is expected to contribute positively to the sales and result of the Group in 2007.CIS has more than 20 years of experience from the security industry and is one of Italy’s leading suppliers of integrated security and surveillance services to the banking sector. The annual sale for 2006 is estimated to approx.