Securitas to acquire Chubb Security Personnel in the UK

 

Securitas to acquire Chubb Security Personnel in the UK

 Securitas has agreed with UTC Fire & Security to acquire the security
services company Chubb Security Personnel Limited in the United Kingdom.
Enterprise value is estimated to MSEK 339 (MGBP 31).

With annual sales of approximately MSEK 1,235 (MGBP 113) and
approximately 5,000 employees, Chubb Security Personnel is a leading
manned guarding security services provider in the United Kingdom. The
company has a well diversified contract portfolio with a stable customer
portfolio within guarding.

In November 2010, Securitas acquired Reliance Security Services. With
the acquisition of Chubb Security Personnel, Securitas will strengthen
its position as one of the largest security services companies in the
United Kingdom, with approximately 17,500 employees.

The acquisition is expected to contribute positively to the earnings per
share of Securitas as of 2012. Restructuring costs of in total
approximately MSEK 29 (MGBP 2.8) are expected in 2011 and acquisition
related transaction costs of MSEK 10.5 (MGBP 1) are expected in the
first quarter of 2011. The acquisition will dilute margins in Security
Services Europe during coming years.

“The acquisition will materially strengthen our operations in the United
Kingdom both in terms of customer base and national coverage”, says Alf
Göransson, Securitas President and CEO.

The acquisition is subject to customary closing conditions and approval
from the United Kingdom Office of Fair Trading, which is expected to be
completed in the first quarter of 2011.

This press release is also available at:
www.securitas.com (http://www.securitas.com/)

Information:

Gisela Lindstrand, Senior Vice President Corporate Communications and
Public Affairs, Securitas AB, phone +46 10 470 3011, mobile +46 70 287
8662, or email
gisela.lindstrand@securitas.com (gisela.lindstrand@securitas.com)

Micaela Sjökvist, Head of IR, Securitas AB, phone +46 10 470 3013,
mobile +46 76 116 7443 or email
micaela.sjokvist@securitas.com (micaela.sjokvist@securitas.com)  

Securitas is a knowledge leader in security. By focusing on providing
security solutions to fit each customer's needs, Securitas has achieved
sustainable growth and profitability in 40 countries in North America,
Europe, Latin America, Middle East, Asia and Africa. Everywhere from
small stores to airports, our 260,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 13.00 p.m. (CET) on January
14, 2011.
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