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News

Grupo Argos acquired by Securitas

Securitas : 04 December, 2009  (Company News)
Global guarding group Securitas continues its acquisitions with the purchase of Mexican security services company, Grupo Argos
Securitas has acquired the security services company Grupo Argos in Mexico. Enterprise value is estimated to MSEK 22.

Grupo Argos has annual sales of approximately MSEK 48 and approximately 900 employees. A majority of the operations are guarding services.

The Mexican security services market is very fragmented, with approximately 6,000 security services companies registered. Securitas is currently the second largest private security services company in the country. With this acquisition, Securitas will strengthen its position in the Mexico City area.

The acquisition is consolidated in Securitas AB as of December 1, 2009.

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