Securitas has acquired the technical security solutions company Fuego Red in Argentina. Enterprise value is approximately estimated to $5 million. Fuego Red has annual sales of approximately $ 5.5 million and 65 employees. The company is focused on fire detection systems, and has also technical maintenance services of video solutions and access control.
The acquisition of Fuego Red will strength...
Securitas has acquired the technical security solutions company Fuego Red in Argentina. Enterprise value is approximately estimated to $5 million. Fuego Red has annual sales of approximately $ 5.5 million and 65 employees. The company is focused on fire detection systems, and has also technical maintenance services of video solutions and access control.
The acquisition of Fuego Red will strengthen Securitas market leader position in Argentina. It also makes it possible to develop and integrate technical solutions and electronic security products in a higher degree in the offerings to the customers.
The acquisition is consolidated in Securitas as of November 1, 2011.