Securitas Systems grows with acquisition in Netherlands

Securitas Systems (STO:SYSIB) has acquired Installerende Partners. The purchase price is between 5-7x EBITDA.

Installerende Partners has more than 20 years of experience in the security industry and is a supplier of integrated security and IP satellite services to large customers in Holland. The annual sales for 2006 were approximately MSEK 26 (MEUR 2.8). The company has 25 employees.

Installerende Partners is an experienced security systems integration firm and has a good reputation for providing superior, custom-fit security systems to its customers.

"With the acquisition of Installerende Partners, we strengthen our presence in the Netherlands. The acquisition of Installerende Partners is a natural step in our strategy to secure and strengthen our position on the Dutch market" says Juan Vallejo, CEO of Securitas Systems AB.