Securitas acquires security services company in Colombia

5/24/2007, 10:35 AM (Source: GlobeNewswire)
Following the strategy to expand the Latin American platform,
Securitas has acquired 71 percent of the shares in Seguridad Burns de
Colombia S.A. The purchase of the remaining 29 percent of the shares
is agreed to take place in 2010 and will be based on the financial
performance of the company in 2009. Total enterprise value is
estimated to MSEK 34.


Burns de Colombia is an important player with a good reputation and
history in the Colombian security services market. The company has a
quality portfolio and approximately 1.000 employees. Annual sales of
the company are about MCOL 21.500 (MSEK 72).

Colombia has over the past three years had GDP growth of 5 to 7
percent and an inflation rate of less than 5 percent. The security
services market in Colombia is very fragmented. The market is
forecasted to grow 10 to 12 percent annually in the short to mid
term.

The acquisition will be integrated in Securitas as of June 1, 2007.

This press release is also available at: www.securitas.com

Information:
Gisela Lindstrand, Senior vice President Corporate Communications and
Public Affairs,
phone +46 8 657 7332 or +46 70 287 8662


View document
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.