Securitas acquires leading fire and safety company in Denmark
Securitas has acquired Dansk Brandteknik A/S for approximately MDKK 110 (MSEK 149), enhancing its fire and safety services in Denmark. This acquisition aligns with Securitas' strategy to double its security solutions sales by 2023. Dansk Brandteknik reported annual sales of MDKK 60 (MSEK 81) in 2020, with 70% from recurring revenue. The integration is expected to create cross-selling opportunities and be accretive to EPS from 2021. Acquisition costs are anticipated at MSEK 6 over 2021-2022.
- Accretive to EPS from 2021.
- Strengthens presence in Denmark's fire and safety sector.
- 70% of Dansk Brandteknik's revenue is recurring, indicating stable income.
- Cross-selling opportunities between Dansk Brandteknik and Securitas.
- Acquisition costs of MSEK 6 may impact short-term profits.
STOCKHOLM, Feb. 22, 2021 /PRNewswire/ -- Securitas, the world's leading intelligent protective services partner, has acquired Dansk Brandteknik A/S, a leading Danish fire and safety company that specializes in fire and safety services and equipment, including related consulting and training services. The acquisition will significantly enhance Securitas' protective services capabilities in Denmark 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 MDKK 110 (MSEK 149) on a debt-free basis.
In 2020, Dansk Brandteknik's annual sales were more than MDKK 60 (MSEK 81), of which 70 percent were on a recurring monthly revenue basis. The company has a nationwide presence in Denmark with 40 employees and approximately 7 500 business clients, mainly in the small- and medium-sized enterprise (SME) segment, with high client retention rates.
Peter Karlströmer, Divisional President Security Services Europe: "We are very happy to welcome Dansk Brandteknik's team to Securitas and are looking forward to working together. Dansk Brandteknik is one of the strongest players in their space selling products and services as a solutions offering, fitting perfectly with Securitas' strategy of providing protective services bundled as security solutions. We can now package fire technology and consulting with our broader product portfolio, which is especially relevant for the SME space where we have an ambitious growth strategy. Our larger business clients will also benefit from this expanded offering, and we see major cross-selling opportunities in the client portfolios of both Dansk Brandteknik and Securitas."
The acquisition-related costs are expected to be MSEK 6, to be recognized in 2021 and 2022. The acquisition is expected to be accretive to EPS as of 2021 and will be consolidated in Securitas as of February 22, 2021.
This press release is available at www.securitas.com
Further information:
Investors: Micaela Sjökvist, Head of Investor Relations +46 76 116 7443; micaela.sjokvist@securitas.com
Media: Helena Andreas, SVP Communications & People +46 10 470 30 20; press@securitas.com
Securitas is your intelligent protective services partner. We base our protective services on customer-specific needs through different combinations of on-site, mobile and remote guarding, electronic security, fire and safety and corporate risk management. Everywhere from homes to airports, our 355 000 employees are making your world a safer place.
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SOURCE Securitas
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