Following the strategy to increase its global presence, Securitas has acquired the security services company Claw Protection Services in South Africa. Enterprise value is estimated to US$1.7 million.
Following the strategy to increase its global presence, Securitas has acquired the security services company Claw Protection Services in South Africa. Enterprise value is estimated to US$1.7 million.
Claw Protection Services has annual sales of about $5.3 million and approximately 800 employees. The company is specialized in guarding, mainly in the areas of Johannesburg and Pretoria. Claw Protection Services has also an in-house training center for guards.
With this acquisition, Securitas in South Africa has annual sales of approximately $7.8 million and approximately 1,050 employees, with operations in guarding, mobile, alarm monitoring, forensics and risk management services.
The security services market in South Africa is fragmented, with about 5,000 registered security companies and about 310,000 registered security guards. The security market has an estimated annual growth of 8 to 10 percent.