STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Securitas (STO:SECUB) has acquired the security and critical communications systems integrator SAIT in Belgium. The seller is the investment company Crescent. Enterprise value is estimated to MSEK 126 (MEUR 13.8).
SAIT is operating in the areas of wireless networks, physical security solutions and data integrity. The company is focusing on delivering advanced technological security solutions supported by critical and secure networks in customer segments such as industry, public transport, government, police, defense, maritime, telecom and cities. SAIT has 80 employees and annual sales of approximately MSEK 228 (MEUR 25).
With this acquisition, Securitas will strengthen its technology offering in Belgium and the position as the leading security solutions company. The acquisition creates a possibility to enter new customer segments markets, e.g. police, defense and cities, and to develop new security service offerings.
The acquisition is consolidated in Securitas as of November 1, 2014.
This press release is also available at: www.securitas.com
Securitas is a global knowledge leader in security. From a broad range of services of specialized guarding, technology solutions and consulting and investigations, we customize offerings that are suited to the individual customer’s needs, in order to deliver the most effective security solutions. Everywhere from small stores to airports, our 310,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 17.10. (CET) on October 30, 2014.
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