Securitas acquires security services company in Chile
Following the strategy to further expand its presence in Latin America,
Securitas has agreed to acquire the security services company World Wide
Security in Chile. Enterprise value is estimated to MSEK 83 (MCLP 6).
World Wide Security, with approximately 1,800 employees, has annual
sales of approximately MSEK 124 (MCLP 9). The company is operating
mainly in security services, but has also alarm monitoring operations.
World Wide Security is the fourth largest security services provider in
Chile, with high brand name recognition.
Securitas in Chile, with annual sales of approximately MSEK 110 (MCLP 8)
and approximately 1,400 employees, is today the fifth largest security
services company in the country. The acquisition will generate important
commercial advantages and increase the business coverage especially in
the Southern part of Chile.
The security services market in Chile is very fragmented, with over
1,000 security services companies. The Chilean security market is fast
growing and estimated to be worth totally approximately MSEK 9,200 (MUSD
The acquisition will be consolidated in Securitas as of July 1, 2009.
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 or mobile +46 70 287
Securitas is a knowledge leader in security. By focusing on providing
security solutions to fit each customer's needs, Securitas has achieved
sustainable growth and profitability in 37 countries in North America,
Latin America, Europe and Asia. Everywhere from small stores to
airports, our 240,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instrumets
Trading Act. The information was submitted for publication at 09.00
(CET) on June 30, 2009
This information was brought to you by Cision http://www.cisionwire.com
The following files are available for download: