Securitas enters the Latvian security services market
Securitas has acquired 65 percent of the shares in the security services company Ave Lat Sargs inLatvia. There is an agreement to acquire the remaining 35 percent of the shares in 2014.Enterprisevalue of the acquired 65 percent of the shares is estimated to MSEK 14 (MLVL 1.1).Ave Lat Sarges is one of the largest security services companies inLatvia. The company has annual sales of approximately MSEK 40 (MLVL 3.1) and 280 employees. Ave Lat Sargs is mainly operating within guarding, technical security solutions and monitoring. The acquisition is consolidated in Securitas as of November 1,