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News

Bosnian Security Company Acquired By Securitas

Securitas : 15 January, 2011  (Company News)
Global security company continues growth through acquisition with the purchase of Adria Ipon Security of Bosnia and Herzegovina
Securitas has agreed to acquire 85 percent of the shares in the security services company Adria Ipon Security in Bosnia and Herzegovina. The agreement includes an option of acquiring the remaining 15 percent. Enterprise value is estimated to MSEK 17 (MBAM 3.6).



Adria Ipon Security, with annual sales of MSEK 20 (MBAM 4.2) and approximately 200 employees, is located in the city of Mostar in the south west of Bosnia and Herzegovina. The company is primarily operating in guarding services. The customers are mainly banks, gas stations, public trading enterprises and public administration buildings.



In December 2010 Securitas entered the security services market in Bosnia and Herzegovina, and is today the market leader in security services. The acquisition of Adria Ipon Security strengthens Securitas’ position in the country.



The acquisition is consolidated in Securitas AB as of January 1, 2011.


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