Securitas Lands $800M Contract with General Motors

Securitas AB, the world's second-largest security company, said Friday it has extended a contract with General Motors Corp. to provide guards and security equipment for the American car maker for another five years.

The contract is worth about US$800 million (euro625 million) and goes into effect on Jan. 1, 2007, Securitas said. It will expand a current agreement to also include GM sites in Europe as well as North America, the company said.

Under the deal, Securitas will provide guards, security systems and support services for about 150 GM locations, the company said.

Globally, Securitas provides security guards, alarm systems and armored guards to banks, retailers, corporations and residential customers in more than 30 countries. It employs more than 210,000 workers.

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On the Net:

http://www.securitas.com


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