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