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News

Czech security firm acquired by Securitas

Securitas : 24 December, 2008  (Company News)
Agency of Security Fenix which operates in the Czech Republic and Slovakia now comes under the wing of global security company, Securitas
Securitas has acquired the security services company ASF (Agency of Security Fenix) in the Czech Republic and Slovakia. Enterprise value is estimated to MSEK 70 (MCZK 170).

ASF operates within security services, including mobile patrols and monitoring, with about 1,250 employees in Czech Republic and 200 in Slovakia. The company has annual sales of approximately MSEK 164 (MCZK 395). ASF is a well-established company with wide coverage and a good customer portfolio, for example in the banking, office building and state contract segments. The company is the third largest market player in the Czech Republic.

With this acquisition Securitas will be the market leader in security services in the Czech Republic, with annual sales of MSEK 463 (MCZK 1,115). At the same time Securitas will enter the market in Slovakia with the sales of MSEK 25 (MSKK 70).
ASF was consolidated in Securitas as of December 19, 2008.

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