GCA Altium advises the shareholders of Protection One on the sale of the company to Securitas
Protection One is headquartered in Düsseldorf, Germany, and employs 230 people across 12 locations. As a result of its high-performance, tailor-made installation offering, the company provides a full scope of electronic security services across 10,300 objects for approximately 7,000 clients, who are predominantly small and medium-sized businesses. In 2020, Protection One’s annual sales were more than EUR 33m, 90 percent of which were on a recurring monthly revenue basis.
Securitas is headquartered in Stockholm, Sweden, and is listed on Nasdaq Stockholm. They successfully integrate technology, people and knowledge to offer protective services to customers all over the world through their offering of security solutions including on-site guarding, electronic security, fire and safety services, and corporate risk management. The company employs 355,000 people in 48 markets and has over 150,000 clients worldwide.
The acquisition of Protection One will enhance Securitas’ protective services capabilities in Germany and is in line with the Group’s strategy of doubling its security solutions and electronic security sales by 2023.
Peter Karlströmer, Divisional President Security Services Europe at Securitas, said: “We are very happy to welcome the Protection One team to the Securitas family. As the leading German player selling remote monitoring services and installations Protection One fits perfectly with Securitas’ security solutions and electronic security strategy. We are excited about the new opportunities that Protection One’s strong experience in customised client solutions will enable, given their high client satisfaction and Securitas’ increased focus on the SME segment. With this acquisition, we will further strengthen our leading offerings in the growing German security market. We believe this acquisition will help us serve our clients in an even better way today and in the future.”
The acquisition is subject to approval from competition authorities and is expected to be finalised during the third quarter of 2021.