Securitas Systems acquires Larmassistans Teknik AB in Sweden

Securitas Systems has signed an agreement to acquire Larmassistans Teknik Sverige AB. The acquisition will be concluded during the first quarter 2007 after standard due diligence review. Larmassistans Teknik offers electronic security systems and services and in 2005 annual sales amounted to 80 MSEK (9 MEUR). The acquisition is expected to contribute to Securitas Systems sales and result in 2007.

Larmassistans Teknik offers electronic security systems for companies and authorities and is well positioned within the public sector and commercial properties in the Stockholm region. The annual sales for 2005 amounted to 80 MSEK (9 MEUR) and the company has approximately 100 employees.

”Larmassistans Teknik is a company with high capabilities within integrated security systems, having a business model that very well fits with Systems’. This acquisition strengthens our organization and market position in the Stockholm region. The acquisition is also in line with our strategy to acquire companies that are specialized in specific client segments. Therefore, we are very pleased to welcome Larmassistans Teknik to Systems”, said Juan Vallejo, CEO of Securitas Systems AB.

”Our organization has grown rapidly and we are now ready to take the next step. With Systems we get a stable owner adding structure, experience and stability. Being a part of Systems, we will share knowledge with a world leading system integrator”, said Richard Allenäs-Sommer, CEO of Larmassistans Teknik.