Securitas AB is a Sweden-based provider of security solutions. The Company operates within four main business divisions: Security Services North America, Security Services Europe, Security Services Ibero-America and the Mobile and Monitoring division. Securitas operates in highly competitive and fragmented markets where companies are dependent on large workforces. Thereby competitiveness and margins are highly sensitive to wage conditions making profitability an industry-wide challenge. Securitas operate with leverage and have a history of aggressive acquisitions utilising its economies of scale - an important part of the business model. Outsourcing and privatization in the developed countries are the main growth drivers. The commercial segments such as retail, offices and properties are the primary customers.