STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Securitas (STO:SECUB) has acquired 85 percent of the shares in the security services company Zvonimir Security in Croatia. Enterprise value for the 85 percent of the shares is estimated to MSEK 49 (MHRK 40).
Zvonimir Security is one of the leading security services companies in Croatia, with annual sales of approximately MSEK 82 (MHRK 67) and approximately 1,000 employees. The company offers mainly guarding and mobile services and operates across Croatia.
The Croatian security services market is fragmented, however the top 10 companies account for 60 percent of the market.
The acquisition is consolidated in Securitas AB as of August 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 45 countries in North America, Europe, Latin America, Middle East, Asia and Africa. Everywhere from small stores to airports, our 280,000 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 12.30 (CET) on July 29, 2011.
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