Securitas has acquired the security services company Federal Resguard (FR) in Argentina. Enterprise value is estimated to approximately $7.5 million (MARS 35).
Securitas has acquired the security services company Federal Resguard (FR) in Argentina. Enterprise value is estimated to approximately $7.5 million (MARS 35).
FR has annual sales of approximately $21.1 million (MARS 100) and 970 employees. The company is specialized in the customer segments retail, gated communities and country clubs, and operates mainly in the provinces of Buenos Aires and Mendoza.
Securitas is the market provider in security services in Argentina, with approximately 14500 employees and a national coverage. The acquisition of FR will strengthen Securitas' presence in the Mendoza region.
The acquisition is consolidated in Securitas as of December 1, 2012.