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