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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters StreetEvents

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Securitas AB Acquires Monitoring and Installation Company Selectron in Uruguay

Monday, 4 Feb 2013 08:00am EST 

Securitas AB announced that it has acquired the monitoring and installation company Selectron in Uruguay. Enterprise value is estimated to SEK 20 million (UYU 60 million). Selectron has annual sales of approximately SEK 27 million (UYU 80 million) and 90 employees. The company has a presence in the financial and retail customer segments. Securitas is the market leader in security services in Uruguay. With the acquisition of Selectron, Securitas AB will strengthen its position in monitoring and installation of technology solutions. The acquisition is consolidated in Securitas AB as of February 1, 2013.