Securitas (STO:SECUB) has acquired the security services company Sistem FTO in Serbia. Enterprise value is estimated to MSEK 60 (MRSD 654).
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Sistem FTO has annual sales of approximately MSEK 126 (MRSD 1,380) and approximately 3,200 employees. The company is mainly operating in guarding and alarm monitoring.
With this acquisition Securitas will become the market leader in security services in Serbia, and also the largest employer in the security industry in Serbia with approximately 6,500 employees.
The acquisition is consolidated in Securitas AB as of September 29, 2011.
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