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Securitas acquires leading electronic security company in Germany


Securitas acquires leading electronic security company in Germany
STOCKHOLM, July 29, 2021 /PRNewswire/
Securitas, the world s leading intelligent protective services partner, has agreed to acquire Protection One, the German market leader specializing in remote technology-driven security solutions and electronic security. The acquisition will enhance Securitas protective services capabilities in Germany and is in line with the Group s strategy of doubling its security solutions and electronic security sales by 2023. The purchase price is approximately MEUR 72 (MSEK 735) on a debt-free basis.
In 2020, Protection One s annual sales were more than MEUR 33 (MSEK 337), of which over 90 percent were on a recurring monthly revenue basis. The company has 230 employees in Germany and is present at 12 locations with the operation center based in Meerbusch, offering remote monitoring services with 24/7 real-time intervention. Combining its high-performance and tailor-made in ....

Nordrhein Westfalen , Peter Karlstr , Prnewswire Securitas , Helena Andreas , Security Services Europe , Communications People , Protection One , Divisional President Security Services Europe , Investor Relations , னோற்ர்ேன் வெஸ்ட்ஃபாலன் , ஹெலினா ஆண்ட்ரியாஸ் , பாதுகாப்பு சேவைகள் யூரோப் , தகவல்தொடர்புகள் மக்கள் , ப்ரொடெக்ஶந் ஒன்று , முதலீட்டாளர் உறவுகள் ,