Securitas acquires security services company in Indonesia
Securitas has acquired the security services company PT Environmental Indokarya in Indonesia. Enterprise value is estimated to MSEK 19 (MIDR 26,400).
PT Environmental Indokarya has annual sales of approximately MSEK 37 (MIDR 51,400) and approximately 1,200 employees. The company is the major security services company in guarding services to Embassies in Indonesia.
The Indonesian security market is estimated to be worth approximately MUSD 1,000 and has grown in average 7 percent per year during the last few years. The market is regulated by the authorities.
The acquisition is consolidated in Securitas as of April 26, 2012.
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 10 470 3011, mobile +46 70 287 8662, or email email@example.com
Securitas is a knowledge leader in security, focusing on providing security solutions to fit each customer's needs in 50 countries in North America, Europe, Latin America, Middle East, Asia andAfrica. Everywhere from small stores to airports, our 300,000 employees are making a difference.
SecuritasABdiscloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 11.00 (CET) on April 30, 2012.