STOCKHOLM, July 15, 2019 /PRNewswire/ -- Securitas
subsidiary Securitas Critical Infrastructure Services, Inc (SCIS),
under the independent direction of its Board, has entered into an
agreement to acquire certain inspection and background
investigations assets of MSM Security Services LLC. The purchase
price is approximately MUSD 11 (MSEK 102), contingent upon reaching
certain business development targets.
Securitas Critical Infrastructure Services, Inc is an
independent US subsidiary of Securitas AB, which specializes in
providing a wide range of security services to federal agencies,
aerospace and defense contractors, and federally regulated energy
and aviation facilities.
The transaction will expand SCIS' federal background
investigations business and is anticipated to add MUSD 15 (MSEK
140) of annual sales.
"We are very pleased to be completing this transaction with the
owners of MSM," says Kevin
Sandkuhler, CEO, SCIS, and we welcome the employees who will
be joining SCIS."
"Over the past several years SCIS has expanded its service
offering into federal background investigations under Kevin's
leadership," says Tony Sabatino,
Executive Vice President, Security Services North America, "this
transaction will diversify the service offering of SCIS'
Investigations sector and provide a broader base from which to
continue its growth into the future."
The transaction is expected to close after regulatory approval,
which is expected during the third quarter of 2019.
Information:
Micaela Sjökvist
Head of IR
Securitas AB
mobile +46-76-116-7443
email micaela.sjokvist@securitas.com
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SOURCE Securitas