Securitas Systems acquires ESES in Spain

This is a press release from Securitas AB

Securitas Security Systems in Spain has acquired the operations of ESES (Empresa de Servicios Especializados de Seguridad, S.A) with nationwide installation and servicing of security systems in Spain. The company has forecasted sales of MEUR 8 (MSEK 73) in 2005. The operations have 130 employees and the enterprise value of the acquisition is MEUR 3 (MSEK 27). The service and monitoring contract portfolio accounts for 25 percent of total sales. After the acquisition Securitas Security Systems in Spain will have annual sales of MEUR 74 (MSEK 672) and 700 employees in 30 branches throughout Spain. The acquisition allows Security Systems to increase it's presence in different market segments and therefore enlarge the offer of specialized products and services for its customers.