Securitas acquires security services company in South Africa

Following the strategy to increase its global presence, Securitas has acquired the security services company Piranha Security (CC) in South Africa. Enterprise value is estimated to MSEK 15 (MZAR 15).

Piranha Security has annual sales of approximately MSEK 40 (MZAR 40) and approximately 500 employees. The company is specialized in guarding and monitoring services, mainly in Johannesburg.

With this acquisition, Securitas in South Africa has annual sales of approximately MSEK 119 (MZAR 120) and approximately 1,500 employees, with operations in guarding, security systems, mobile services, alarm monitoring, forensics and risk management services.

The acquisition is consolidated in Securitas AB as of 1 December, 2010.

Securitas Website