06/08/2009
Securitas enters South African security market
Stockholm, Sweden
Following the strategy to increase its global presence, Securitas has acquired the security services company MKB Tactical in South Africa. Enterprise value is estimated to MSEK 6.4 (MZAR 6.7).
MKB Tactical has annual sales of approximately MSEK 11.4 (MZAR 12) and 250 employees. The company is mainly operating in mobile, alarm monitoring and guarding services in residential areas in Johannesburg.
The security services market in South Africa is very fragmented, with approximately 5,000 registered companies and about 310,000 registered guards.
The acquisition is consolidated in Securitas AB as of July 1, 2009.
Global
