Le Lézard
Classified in: Science and technology, Business
Subject: TNM

Securitas Acquires Risk Management Assets in the US


STOCKHOLM, July 15, 2019 /PRNewswire/ -- Securitas subsidiary Securitas Critical Infrastructure Services, Inc (SCIS), under the independent direction of its Board, has entered into an agreement to acquire certain inspection and background investigations assets of MSM Security Services LLC. The purchase price is approximately MUSD 11 (MSEK 102), contingent upon reaching certain business development targets.

Securitas Critical Infrastructure Services, Inc is an independent US subsidiary of Securitas AB, which specializes in providing a wide range of security services to federal agencies, aerospace and defense contractors, and federally regulated energy and aviation facilities.

The transaction will expand SCIS' federal background investigations business and is anticipated to add MUSD 15 (MSEK 140) of annual sales.

"We are very pleased to be completing this transaction with the owners of MSM," says Kevin Sandkuhler, CEO, SCIS, and we welcome the employees who will be joining SCIS."

"Over the past several years SCIS has expanded its service offering into federal background investigations under Kevin's leadership," says Tony Sabatino, Executive Vice President, Security Services North America, "this transaction will diversify the service offering of SCIS' Investigations sector and provide a broader base from which to continue its growth into the future."

The transaction is expected to close after regulatory approval, which is expected during the third quarter of 2019.

Information:
Micaela Sjökvist
Head of IR
Securitas AB
mobile +46-76-116-7443
email [email protected]  

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/securitas/r/securitas-acquires-risk-management-assets-in-the-us,c2863565

The following files are available for download:

https://mb.cision.com/Main/1062/2863565/1077784.pdf

Release

 

 

SOURCE Securitas


These press releases may also interest you

at 13:18
Simmons Bank hosted a grand opening ceremony to celebrate the latest Pine Bluff financial center located at 1400 E. Harding Ave. Simmons Bank operates five full-service branches throughout Pine Bluff....

at 13:05
Regulatory News: MaaT Pharma (EURONEXT: MAAT ? the "Company"), a clinical-stage biotechnology company and a leader in the development of Microbiome Ecosystem TherapiesTM (MET) dedicated to enhancing survival of patients with cancer, today reported...

at 13:00
Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II ("Nextdoor" or the...

at 13:00
The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Snowflake Inc. ("Snowflake" or the "Company") ....

at 13:00
Desjardins Investments Inc. ("DI"), as manager of the Desjardins Funds, announces changes to its mutual funds. These changes, described in detail below, consist of name changes to its range of SocieTerra Funds and Portfolios and two Wise ETF...

at 13:00
The following is written by Dr. Steven Gonzales, Chancellor, Maricopa Community Colleges, a member of the American Association of Community Colleges: Arizona, like many states across America, is facing a nurse shortage.  The pandemic has taken a toll...



News published on and distributed by: