Securitas Acquires Leading Electronic Security Company in Germany

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    • Jay Bartlett
      Keymaster

      Securitas has agreed to acquire Protection One. The acquisition will enhance Securitas’ protective services capabilities in Germany and is in line with the Group’s strategy of doubling its security solutions and electronic security sales by 2023. The purchase price is approximately MEUR 72 (MSEK 735) on a debt-free basis. In 2020, Protection One’s annual sales were more than MEUR 33 (MSEK 337), of which over 90 percent were on a recurring monthly revenue basis.

      [See the full post at: Securitas Acquires Leading Electronic Security Company in Germany]

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