Securitas moves to acquire leading electronic security company Techco Security

Securitas has reinforced its position within the electronic security market in Spain through the acquisition of Techco Security, a leading electronic security company. The purchase price is estimated to be 22 million Euros (MSEK 230). 

Techco Security offers a comprehensive range of integrated security services including installation, maintenance and remote security guarding services as well as access control, electronic alarm surveillance and fire protection. The business supports clients through two Operations Centres in Madrid and Barcelona.

The company has approximately 520 employees with a strong footprint across Spain and Portugal.

Techco Security’s annual sales in 2018 were 50 million Euros (MSEK 520) in 2018.

“We’re pleased to welcome Techco Security’s clients and team on board for an exciting journey together with Securitas,” explained Jorge Couto, divisional president for Security Services Ibero-America. “The acquisition represents an important milestone in the transformation of our company. We will now have an even stronger position in delivering quality electronic security services to our clients and we will continue growing the business together with the team.”

Securitas is helping to transform the global security industry from the traditional security guarding template towards a wide range of protective services, including on-site, mobile and remote guarding, electronic security, fire and safety and corporate risk management.

In 2018, security solutions and electronic security sales represented 20% of total Group sales. Securitas’ ambition is for its security solutions and electronic security business to double in size come 2023.

*The Techco Security acquisition was closed and consolidated into Securitas on 8 January 2020

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

Related Posts