Press Release from Securitas AB
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| Press Release from Securitas AB
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| May 10, 2004 |
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Securitas signs agreement to acquire Eurotelis in France. | |||||||||||||
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In accordance with Securitas press release from March 15th, 2004 Securitas Security Systems in France has now signed an agreement with Valiance Group, to acquire Eurotelis. The company, which has 370 employees, is operating in the security systems business in France with annual sales in 2003 of MEUR 27 (MSEK 245), mainly from installation and alarm monitoring.
The acquisition is expected to be closed at the end of May.
This acquisition will significantly strengthen the position of Securitas Systems in France and will enable Securitas to be the market leader in the bank and post market segment.
Further information can be obtained from:
Thomas Berglund, President and CEO +44 (0) 20 8432 6500
Håkan Winberg, Executive Vice President and CFO +44 (0) 20 8432 6500
Henrik Brehmer, Senior Vice President Investor Relations +44 (0) 20 8432 6523
The press release is also available on: www.securitasgroup.com
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