SCTBF - Securitas acquires Supreme Security Systems in the US

Securitas (OTC:SCTBY) has acquired Supreme Security Systems, a top 50 alarm monitoring company in the US for purchase price of ~$20M. The transaction increases Securitas' service capabilities and client offerings in the northeast US and aligns with Securitas' ambition to double the size of its security solutions and electronic security business by 2023.  The acquisition will be accretive to the Group operating margin through its resilient recurring monthly revenue (RMR) portfolio representing more than 70 percent of the revenue and is expected to be EPS accretive as of 2022 and will be consolidated in Securitas as of December 1, 2021.

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Securitas acquires Supreme Security Systems in the US