STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Securitas (STO:SECUB) has acquired 51 percent of the shares of Sensormatic Guvenlik Group (Sensormatic), one of the leading technical security services companies in Turkey. Enterprise value of the acquired 51 percent of the shares is estimated to MSEK 118 (MTRY 32). There is an agreement to acquire the remaining shares of Sensormatic.
Sensormatic is specialized in technical security solutions to for example retail, airport, banking, commercial and industrial customers. The company has annual sales of approximately MSEK 195 (MTRY 50) and 180 employees, and is located in Istanbul, Ankara, Izmir, Antalya, Bursa and Gaziantep.
Securitas is the market leader in security services in Turkey, with 9,500 employees. This acquisition is in line with Securitas strategy to complement specialized physical security solutions with technical security solutions. Securitas and Sensormatic will continue their development in Turkey based on their strong customer base and on top will benefit from working together approaching the market with new security solutions.
The acquisition is consolidated in Securitas AB as of September 1, 2011.
This press release is also available at: www.securitas.com
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