Securitas acquired the security services company ESC and SSA Guarding Company in Thailand. Enterprise value is estimated to more than US$4 million.
ESC and SSA Guarding Company has annual sales of more than $5 million and approximately 1,400 employees. The company is focused on guarding and has operations throughout Thailand.
Thailand has a large, fragmented guarding industry with manned guarding seen as the principal part in safety and security.
In April 2009, Securitas established operations in Thailand and has about 400 employees and a growing operation, mainly in the area of Bangkok. With this acquisition, Securitas will strengthen its operations in Thailand both in terms of customer base and national coverage.