STOCKHOLM, Sweden, Feb. 1, 2002 (PRIMEZONE) -- Securitas has reached an agreement to acquire Vision Security and Investigations Inc. in Canada. Vision provides security services primarily in Western Canada, including the province of Saskatchewan, the only remaining province where Securitas Canada does not currently have operations. VSI has 450 employees and annual sales of MSEK 82 (MCAD 12).
The purchase price is MSEK 34 (MCAD 5) and the acquisition will give rise to a goodwill of MSEK 34 (MCAD 5) which will be amortized over 10 years. The acquisition will contribute positively to the results of the Securitas Group as from 2002.
After the acquisition Securitas will have annual sales of MSEK 1063 (157 MCAD) and 7500 employees in Canada.
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