Securitas Systems Expands Retail Presence in U.S.
STOCKHOLM, Sweden
Securitas Systems AB has purchased the assets of Securex, a division of LP Innovations Inc., a nationwide provider of loss prevention solutions for the retail industry. The purchase price is between five to six times earnings before interest, tax, depreciation and amortization (EBITDA).
Securex provides installation, service and monitoring solutions to LP Innovations’ retail customer base.
“Our strategy in the U.S. is to increase the element of services,” says Securitas CEO Juan Vallejo. “By acquiring Securex’s regional and national monitoring and service accounts, we reinforce that strategy.”
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