Securitas, the world's leading intelligent protective services partner, has agreed to acquire Tepe Güvenlik
In 2020, Tepe Güvenlik's annual sales were approximately MEUR 8.5 (MSEK 85), of which more than 70 percent were on a recurring monthly revenue basis. The company has 250 employees and operations mainly in
Peter Karlströmer, Divisional President Security Services Europe: "This is a unique acquisition opportunity in the Turkish alarm monitoring market and will consolidate Securitas position in this space. We are pleased to welcome Tepe's experienced team to Securitas and look forward to further developing our presence in and bringing innovations and solutions to our clients. This is a strategic milestone for our business in
The acquisition-related costs are expected to be approximately MSEK 13, to be recognized in the period 2021 to 2023. The acquisition is expected to be accretive to EPS as of 2023. The acquisition is subject to approval from competition authorities and is expected to be finalized during the third quarter of 2021.
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Securitas is the world's leading intelligent protective services partner. Our guarding, electronic security, fire and safety, and risk management solutions enable more than 150,000 clients to see a different world. We are present in 48 markets and our innovative, data-driven approach makes us a trusted partner to many of the world's best-known companies. Our 355,000 employees live our values of integrity, vigilance and helpfulness, and our purpose is to help make your world a safer place.
https://news.cision.com/securitas/r/securitas-acquires-leading-electronic-security-company-in-turkey,c3390766
https://mb.cision.com/Main/1062/3390766/1449530.pdf
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