Securitas Systems Acquisition in the US
April 08 2005 - 7:41AM
PR Newswire (US)
Securitas Systems Acquisition in the US STOCKHOLM, Sweden, April 8
/PRNewswire-FirstCall/ -- Securitas Security Systems in the United
States has acquired Wornall Electronics Inc., the market leader in
Kansas City. Wornall presently installs and services security
systems in the Kansas City and New Jersey markets. The company has
forecasted sales of MUSD 5 (MSEK 35) in 2005 with an employee base
of 27. The enterprise value of the acquisitions amounts to MUSD 2
(MSEK 14). This acquisition allows Securitas Systems to establish a
strong local market presence in Kansas City and New Jersey. The New
Jersey operation has the capacity to service the metro New York
City market. These two operations will give Securitas Systems
access to new markets and increase our footprint to further support
the national customer market segment in the United States. Contact:
Hakan Winberg, Executive Vice President and CFO +44 (0) 20 8432
6500 Henrik Brehmer, Senior Vice President Investor Relations +44
(0) 20 8432 6523 The press release is also available on:
http://www.securitasgroup.com/ Notes to Editors: Security Systems
USA is part of the Securitas Systems Division, supplying custom
designed integrated and high-end security solutions for demanding
customers. Major customer segments are banks and financial
institutions, offices and industrial sites as well as multi site
installations like utilities, logistics centers and retail chains.
The division has operations and coverage in 12 European countries
and in the USA with an average market share in Europe of about 5
percent and 1 percent in the USA. The total annual sale for the
division is approximately MSEK 5,600 and it has over 4,000
employees. Securitas is a world leader in security, active in more
than 20 countries in Europe and North America. Securitas employs
over 200,000 people and the operations are organized in five
specialized divisions; Security Services USA and Security Services
Europe for guarding solutions, Security Systems for integrated and
high end security systems, Direct for professional and consumer
alarm concepts and Cash Handling Services for cash processing,
transport and ATM services. Over the past 15 years, Securitas has
grown to be the world's largest security company with a market
share of 8 percent of the total world market. Securitas' annual
sales are approximately MSEK 60,000. The press release can also be
downloaded from the enclosed link
http://hugin.info/1199/R/988378/148006.pdf DATASOURCE: Securitas
CONTACT: Hakan Winberg, Executive Vice President and CFO,
+44-20-8432-6500, Henrik Brehmer, Senior Vice President, Investor
Relations, +44-20-8432-6523 both of Securitas Web Site:
http://www.securitasgroup.com/
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