Securitas Systems acquisition in the US

Securitas Systems has acquired PEI Systems Incorporated, one of the largest electronic security systems integrators in the New York Metropolitan area. The purchase price is between 6-9x EBITDA .

PEI Systems has more than 30 years of experience in the security industry and is one of the leading suppliers of integrated security and surveillance services to blue chip customers in the New York and New Jersey area. The annual sales for 2006 was approximately MSEK 73 (MUSD 11,4) whereof 20% is service contract portfolio. The company has 40 employees and the acquisition is expected to have a neutral contribution to the Group’s sales and results for 2007.

“The acquisition of PEI Systems is a good example of how we will increase our ability to supply security systems to the important blue chip sector. The company is an experienced security systems integration firm and has a good reputation for providing superior, custom-fit security systems to its customers. The acquisition of PEI Systems is in line with our strategy to increase the service element in our US operations”, said Juan Vallejo, President and CEO of Securitas Systems AB.