Securitas acquires security services company in Croatia

Bob Forsyth – The Key battleground for client data Bob Forsyth, Chief Executive Officer at Kings Security, discusses new disruptive technologies and their impact on the today's marketplace in his latest blog. Read on »
UK OSPAs winners announced The UK Outstanding Security Performance Awards (OSPAs) event took place at the Royal Lancaster in central London on 1 March. Over 400 security professionals gathered to celebrate Read on »
James G Brown shortlisted for the 2018 UK OSPAs Lifetime Achievement Award James (Jim) G Brown, Chairman and Founder of Selectamark Security Systems, has been shortlisted for this year's OSPA Lifetime Achievement Award. Read on »
Monday, 19 March 2018

Securitas acquires security services company in Croatia

Securitas has acquired 85 percent of the shares in the security services company Protect in Croatia. There is an agreement to acquire the remaining 15 percent of the shares in 2013. Enterprise value of the acquired 85 percent of the shares is estimated to MSEK 53 (MHRK 43).

Protect has annual sales of approximately MSEK 73 (MHRK 60) and approximately 600 employees. The company is mainly operating in guarding services.

Securitas entered the Croatian security services market in July 2011 and is the first and only major international security company in the market. With this acquisition, Securitas strengthens its position in the area of the city Rijeka.

The Croatian security services market is fragmented, with about 250 companies and approximately 15,000 guards, however the top 10 companies account for 60 percent of the market sales.

The acquisition is consolidated in Securitas as of January 4, 2012.

Securitas Website

Leave a Reply

Your email address will not be published. Required fields are marked *


Interconnective Security Products