The European Commission has approved Securitas’ acquisition of Reliance Security Services in the United Kingdom. With this acquisition, Securitas will become the UK’s second largest security company in the regulated security sector, with annual sales of approximately £320 million and about 12,500 staff.
As disclosed on September 30, 2010, Securitas will acquire Reliance Security Services in the United Kingdom, with annual sales of approximately MSEK 2,160 (MGBP 200). The enterprise value is estimated to MSEK 464 (MGBP 43). The acquisition will be consolidated into Securitas AB effective 9 November, 2010
On the 30th September Securitas announced the acquisition of Reliance subject to the European commission consent. Reliance Security Services is one of the leading security services providers in the United Kingdom employing 8,000 staff. The company has a well diversified contract portfolio with a stable customer portfolio within guarding, mobile services, aviation security and security specialist services.