Securitas acquires electronic security company
Summary
In 2020, Protection One’s annual sales were more than MEUR 33 (MSEK 337), of which over 90% were on a recurring monthly revenue basis. The company has 230 employees in Germany and is present at 12 locations with the operation centre based in Meerbusch, offering remote monitoring services with 24/7 real-time intervention. Combining its high-performance and tailor-made installation offering, the company provides full scope of electronic security services across 10,300 objects for approximately 7,000 clients, mainly small and medium-sized businesses. Peter Karlströmer, Divisional President Security Services Europe, commented: “We are very happy to welcome the Protection One team to the Securitas family. We believe this acquisition will help us serve our clients in an even better way today and in the future.” The acquisition-related costs are expected to be MSEK 45, to be recognised in the period 2021 to 2023.