Securitas has acquired the security solutions companies Rentsec and Vamsa in South Africa. Total enterprise value is estimated to approximately MSEK 57 ($8.9M).
Securitas has acquired the security solutions companies Rentsec and Vamsa in South Africa. Total enterprise value is estimated to approximately MSEK 57 ($8.9M).
Rentsec and Vamsa have together annual sales of approximately MSEK 25 ($3.89M) and 50 employees. The two companies, with the same owners, work closely together focusing on remote video surveillance as well as a range of advanced security technology applications specifically suited for the South African and the regional market. They have operations in Johannesburg and Cape Town, as well as the capability to deliver services on a national and regional scale.
The acquisitions strengthen Securitas position in South Africa as an integrated security solutions provider. Securitas has over 3500 employees in South Africa, with operations in specialized guarding, mobile, alarm monitoring, technology, forensics and risk management services.
The acquisition is consolidated in Securitas as of October 1, 2013.