Securitas enters the security services market in Jordan

 
Churchill Services Group announces the launch of its new rebranded security division Churchill Services Group has today announced the launch of its new rebranded security division – ‘Amulet’. Read on »
Bob Forsyth – GDPR (Sorry don’t fall asleep it’s important) In his latest blog for Infologue Bob Forsyth, Chief Executive Officer at Kings Security writes about the introduction of GDPR and its implications for the security sector. Read on »
Business leader wants “social value” overhaul of government contracts Public sector contracts should no longer be given to the lowest bidder but awarded to “social business” says Phillip Ullmann of Cordant Group. Read on »
Monday, 18 June 2018

Securitas enters the security services market in Jordan

Securitas has agreed to acquire 50 percent plus one of the shares in the security services company Al Sharika Al Muatfawika Likhadamat Al Amin Wa Al Himaya in Jordan. The seller is the Jordanian Company JoSecure, fully owned by King Abdullah II Design and Development Bureau (KADDB). Enterprise value is estimated to MSEK 23 (MJOD 2.5).

The company has annual sales of approximately MSEK 20 (MJOD 2.2) and approximately 800 employees, which makes it the second largest security services company inJordan. The security services market inJordanis very fragmented and is expected to grow fast.

The company is geographically present all overJordanwith concentration in the cities of Amman and Aqaba. The company is mainly operating in the customer segments banks and financial institutes, real estate developers, communications companies and commercial entities.

The acquisition is consolidated in Securitas AB as of June 1, 2011.

Securitas Website


Leave a Reply

Your email address will not be published.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

*

Interconnective Security Products