Securitas enters the security services market in Vietnam

Securitas has agreed to acquire 49 percent of the Vietnamese security services company Long Hai Security.

Following the strategy to expand in Asia, Securitas has agreed to acquire 49 percent of the Vietnamese security services company Long Hai Security. Purchase price is approximately VND 88 billion ($4.75 million).

Long Hai Security has annual sales of approximately VND 134 billion ($7.24 million) and approximately 2,500 employees. The company is the market leader in the Vietnamese security services market and operates throughout Vietnam, with its largest branches being in Ho Chi Minh City and Hanoi.

Long Hai Security provides mainly guarding services, but has also operations protecting its customers’ property in secure cash transportation, executive protection and alarm monitoring services.

Long Hai Security is consolidated in Securitas AB as of January 1, 2010.