Securitas to acquire Reliance Security Services in the United Kingdom

Securitas to acquire Reliance Security Services in the United Kingdom

Securitas has agreed with Reliance Security Group to acquire their
security services operations in the United Kingdom with a total sales of
approximately MSEK 2,160 (MGBP 200). Enterprise value is estimated to
MSEK 464 (MGBP 43).

With 8,000 employees, Reliance Security Services is one of the leading
security services providers in the United Kingdom.  The company has a
well diversified contract portfolio with a stable customer portfolio
within guarding, mobile services, aviation security and security
specialist services.

With this acquisition, Securitas will become among the largest security
services companies in the United Kingdom, with annual sales of
approximately MSEK 3,240 (MGBP 300) and about 12,500 employees. 

The acquisition is expected to contribute positively to the earnings per
share of Securitas as of 2012. Restructuring costs of in total
approximately MSEK 54 (MGBP 5) are expected in 2010 and 2011 and
acquisition related transaction costs of MSEK 14 (MGBP 1,3) are expected
in 2010. The acquisition will dilute margins in Security Services Europe
in the fourth quarter 2010 and during coming years. 

“The acquisition is in line with Securitas strategy for the security
services operations in Europe, aiming to be among the top two largest
security services companies in the markets where we operate. The
acquisition will substantially strengthen our operations in the United
Kingdom both in terms of customer base and national coverage. It will
give us a strong platform from which to continue our strategy of
refinement and specialization of our services,” says Alf Göransson,
Securitas President and CEO.
The acquisition is subject to approval from the European Commission.
This press release is also available at:
www.securitas.com (http://www.securitas.com/) 

Information:

Gisela Lindstrand, Senior Vice President Corporate Communications and
Public Affairs, Securitas AB, mobile +46 70 287 8662, or email
gisela.lindstrand@securitas.com (gisela.lindstrand@securitas.com)
Micaela Sjökvist, Head of Investor Relations, Securitas AB, mobile +46
76 116 7443, or email
micaela.sjokvist@securitas.com (micaela.sjokvist@securitas.com)
 

Securitas AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 09.00 (CET) on Thursday,
September 30, 2010