Securitas Systems acquires Wornall Electronics Inc

This is a press release from Securitas AB

Securitas Security Systems in the United States has acquired Wornall Electronics Inc., the market leader in Kansas City. Wornall presently installs and services security systems in the Kansas City and New Jersey markets. The company has forecasted sales of MUSD 5 (MSEK 35) in 2005 with an employee base of 27. The enterprise value of the acquisitions amounts to MUSD 2 (MSEK 14) This acquisition allows Securitas Systems to establish a strong local market presence in Kansas City and New Jersey. The New Jersey operation has the capacity to service the metro New York City market. These two operations will give Securitas Systems access to new markets and increase our footprint to further support the national customer market segment in the United States.