Acquisition in Belgium
Acquisition in Belgium Securitas has today reached an agreement to acquire Baron Security S.A. in Belgium with sales of MSEK 300 and 930 employees Baron Security S.A. is Belgium's fourth largest security company with operations mainly in guarding. The acquisition will complement Securitas existing operations in Belgium and thereby strengthen the local platform. The purchase price is MSEK 123 and the goodwill is estimated at MSEK 86. The acquisition is subject to approval by the Belgian Competition Authorities and will be included in the Securitas Group from the date of approval. The approval is expected to be received in April at the earliest. The acquisition will contribute positively to the income of Securitas Group from year 2000. After the acquisition Securitas will have sales of MSEK 1,100 and 3,500 employees in Belgium. Further information may be obtained from Amund Skarhold, Executive Vice President and COO, Håkan Winberg, Executive Vice President and CFO, and Camilla Weiner, Manager Investor Relations, phone: +46 8 657 74 00. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/25/20000225BIT00350/bit0001.pdf http://www.bit.se/bitonline/2000/02/25/20000225BIT00350/bit0002.doc