Securitas: Acquisitions in Hungary and Poland

Securitas has acquired Koetter Security Hungaria KFT with 455 employees and annual sales of MHUF 920 (MSEK 35) in security services (50%) and cash handling services (50%). The purchase price amounts to MHUF 340 (MSEK 13) which gives a goodwill of MHUF 276 (MSEK 10) to be amortized over 5 years.

After the acquistion Securitas in Hungary will have annual sales of MHUF 3 900 (MSEK 146) and 1200 employees.

Securitas has also acquired Elberg Sp.z.o.o in eastern Poland with 158 employees and annual sales of MPLN 4.3 (MSEK 11) in security services (60%) and security systems (40%). The purchase price amounts to MPLN 1 (MSEK 2,4) which gives a goodwill of MPLN 1 (MSEK 2,4) to be amortized over 5 years.

After the acquisition Securitas in Poland will have annual sales of MPLN 131 (MSEK 328) and 3000 employees.