STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Securitas (STO:SECUB) has acquired the technical security solutions company Fuego Red in Argentina. Enterprise value is estimated to MSEK 34 (MARS 22.5).
Fuego Red has annual sales of approximately MSEK 36 (MARS 24) and 65 employees. The company is focused on fire detection systems, and has also technical maintenance services of video solutions and access control.
The acquisition of Fuego Red will strengthen Securitas market leader position in Argentina. It also makes it possible to develop and integrate technical solutions and electronic security products in a higher degree in the offerings to the customers.
The acquisition is consolidated in Securitas as of November 1, 2011.
This press release is also available at: www.securitas.com
Securitas is a knowledge leader in security, focusing on providing security solutions to fit each customer's needs in 49 countries in North America, Europe, Latin America, Middle East, Asia and Africa. Everywhere from small stores to airports, our 295,000 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 13.00 (CET) on November 7, 2011.
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