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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Securitas AB    SECU B   SE0000163594

SECURITAS AB

(SECU B)
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Securitas : acquires STANLEY Security's electronic security businesses in five countries

09/28/2020 | 10:15am EST

Page 1 of 1

Press Release

September 28, 2020

Securitas acquires STANLEY Security's electronic security businesses in five countries

Securitas is acquiring STANLEY Security's electronic security businesses in Germany, Portugal, Switzerland, Singapore and India. The acquisition is aligned with Securitas' ambition to double the size of its security solutions & electronic security business and expands Securitas' electronic security footprint and capabilities. The purchase price is estimated to MUSD 64 (MSEK 563).

The entities to be acquired provide an integrated electronic security offering to their clients - from design to installation and from maintenance to alarm monitoring - based on a complete portfolio of advanced security solutions such as access control, intrusion, video, fire and integrated systems. The business has approximately 580 highly skilled employees operating in five countries through 20 branch offices out of which 11 are located in Germany. The business also has two alarm monitoring centers, one in Germany and one in Portugal. Total sales of the in-scope business amounted to MUSD 85 (MSEK 748) in 2019, mainly driven from installation sales, recurring monthly revenue and maintenance services.

"We are very excited to welcome the electronic security specialists from STANLEY Security to Securitas. Through this acquisition, we add significant electronic security expertise and deepen our capabilities in Germany, Switzerland and Portugal, while also establishing our first electronic security presence in Singapore and India. This is an important step forward to deliver high-quality electronic security services to our clients in key markets," says Magnus Ahlqvist, Securitas President and CEO.

The acquisition-related costs are expected to be MSEK 60, some to be recognized in 2020 but mostly in 2021. The acquisition is expected to be EPS accretive as of 2022. The acquisition will require customary regulatory approvals and is expected to close during the fourth quarter of 2020.

This press release is available at www.securitas.com

Information: Micaela Sjökvist, Head of IR, Securitas AB, mobile +46 76 116 7443 or email micaela.sjokvist@securitas.com

Securitas is your intelligent protective services partner. We base our protective services on customer-specific needs through different combinations of on-site, mobile and remote guarding, electronic security, fire and safety and corporate risk management. Everywhere from homes to airports, our 370 000 employees are making your world a safer place.

Securitas AB (publ.) P.O. Box 12307, S-102 28 Stockholm, Sweden Corp. ID no: 556302-7241

Visiting address: Lindhagensplan 70 Telephone: +46 (0) 10 470 30 00 Facsimile: +46 (0) 10 470 31 22

www.securitas.com

Disclaimer

Securitas AB published this content on 28 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2020 14:14:08 UTC


© Publicnow 2020
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Financials
Sales 2020 109 B 12 736 M 12 736 M
Net income 2020 2 666 M 312 M 312 M
Net Debt 2020 15 716 M 1 838 M 1 838 M
P/E ratio 2020 20,0x
Yield 2020 3,01%
Capitalization 51 456 M 6 010 M 6 016 M
EV / Sales 2020 0,62x
EV / Sales 2021 0,60x
Nbr of Employees 345 950
Free-Float 92,5%
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Mean consensus HOLD
Number of Analysts 20
Average target price 135,37 SEK
Last Close Price 141,00 SEK
Spread / Highest target 19,1%
Spread / Average Target -3,99%
Spread / Lowest Target -29,1%
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Managers
NameTitle
Magnus Ahlqvist President & Chief Executive Officer
Marie-Elisabeth Ehrling Chairman
Bart Adam Chief Financial Officer
Martin Althén Chief Information Officer
Carl Fredrik Wilhelm Douglas Vice Chairman
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