04/01/2008
Securitas Systems purchases the assets of Securex
Stockholm. Sweden
Securitas Systems has purchased the assets of Securex, a division of LP Innovations, Inc. The purchase price is between 5-6x EBITDA.
Securex provides installation, service, and monitoring solutions to LP Innovations' retail customer base. LP Innovations is one of the leading providers of retail shrink reduction and consulting services to retailers in the US.
"Our strategy in the US is to increase the element of services. By acquiring Securex's regional and national monitoring and service accounts, we reinforce that strategy" says Juan Vallejo, CEO of Securitas Systems AB.
Global
