STOCKHOLM, Jan. 9, 2020 /PRNewswire/ -- Securitas reinforces
its leadership position within the electronic security market in
Spain through the acquisition of
Techco Security, a leading electronic security company. The
purchase price is estimated to MEUR 22 (MSEK 230).
Techco Security offers a comprehensive range of integrated
security services including installation, maintenance and remote
guarding services as well as access control, electronic alarm
surveillance and fire protection, and supports clients through two
operations centers in Madrid and
Barcelona. The company has
approximately 520 employees with a strong footprint across
Spain and Portugal. Techco Security's annual sales was
MEUR 50 (MSEK 520) in 2018. The purchase price is estimated to MEUR
22 (MSEK 230).
"We are pleased to welcome Techco Security's clients and team
onboard for an exciting journey together with Securitas. The
acquisition represents an important milestone in the transformation
of our company. We will have an even stronger position in
delivering quality electronic security services to our clients and
we will continue growing the business together with the team", says
Jorge Couto, Divisional President,
Security Services Ibero-America.
Securitas is leading the transformation of the global security
industry, from traditional guarding to a wide range of protective
services, including on-site, mobile and remote guarding, electronic
security, fire and safety and corporate risk management. In the
full year of 2018 security solutions and electronic security sales
represented 20 percent, or approximately BSEK 20, of total Group
sales. Securitas ambition for its security solutions and electronic
security business is to double the size from approximately BSEK 20
in 2018 to approximately BSEK 40 in 2023.
The acquisition was closed and consolidated into Securitas on
January 8, 2020.
This press release is available at www.securitas.com.
Information:
Micaela Sjökvist
Head of IR
Securitas AB
Mobile +46-76-116-7443
Email micaela.sjokvist@securitas.com
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