Securitas AB (OM:SECU B) agreed to acquire Protection One GmbH for €72 million on July 29, 2021. The purchase price is on a debt free basis. In 2020, Protection One's annual sales were more than €33 million.

The acquisition is subject to approval from German Federal Cartel Office and is expected to be finalized during the third quarter of 2021. The acquisition is expected to be accretive to EPS as of 2022. GCA Altium acted as exclusive financial advisor to the shareholders of Protection One.

Sebastian von Lossow, Christian Krohs, Sandra Urban-Crell and Marcus Fischer of McDermott Will & Emery advised all shareholders of Protection One GmbH. Reb ekka Hye-Knudsen, Philipp Becker, Markus Diepold, Volker Mergener, Stefan Dittmer, Ilka Mehdorn, Christian Schefold, Josef Hainz, Hauke Thieme, Judith Aron, Torsten Jähnichen, Minh Riemann and Julia Wiencke of Dentons GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft acted as legal advisor to Securitas. Gerrit Schütte and David Oesterschlink of goetzpartners HOLDING GmbH & CO.

KG acted as due diligence provider to management of Protection One GmbH.