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News

Securitas buys into Vietnamese security market

Securitas : 04 January, 2010  (Company News)
With the purchase of Long Hai Security, Securitas has gained a foothold in the security services market throughout Vietnam with a major presence in both Hanoi and Ho Chi Minh City
Following the strategy to expand in Asia, Securitas has agreed to acquire 49 percent of the Vietnamese security services company Long Hai Security. Purchase price is approximately MSEK 35 (MVND 88,000).

Long Hai Security has annual sales of approximately MSEK 53 (MVND 134,000) and approximately 2,500 employees. The company is the market leader in the Vietnamese security services market and operates throughout Vietnam, with its largest branches being in Ho Chi Minh City and Hanoi.

Long Hai Security provides mainly guarding services, but has also operations protecting its customers' property in secure cash transportation, executive protection and alarm monitoring services.

Long Hai Security is consolidated in Securitas AB as of January 1, 2010.

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