Securitas acquires guarding company in Spain with MEUR 49 in sales
Securitas acquires Black Star in Spain, the leading private security company in the Andalucía region. With the acquisition, Securitas is strengthening its position in the provinces of Andalucía, as well as in Madrid, Barcelona and Murcia.The company has forecasted sales of MEUR 49 (MSEK 462) in 2005 with approximately 2,000 employees. The enterprise value of the acquisition is MEUR 23 (MSEK 217) and will be included in Securitas from December 15, 2005.After the acquisition Securitas in Spain will have sales of MEUR 440 (MSEK 4,150) within the guarding operation. Total sales for all