Securitas has acquired 24% of the shares in US-based remote video services company Iverify at a purchase price of approximately MSEK 145. Simultaneously, Iverify has acquired 100% of the shares in technology solutions concern TransAlarm.
Iverify is one of the leading remote video servics companies in the United States and operates a state-of-the-art remote video operations monitoring centre. One of the largest of its kind, this facility is headquartered in Charlotte, North Carolina.
TransAlarm is a security technology integrator headquartered in Minnesota and operating a large network of over 400 installers capable of covering the entire United States, Puerto Rico and Canada.
Due to the acquisition, Securitas will have a 24% ownership position in the combined operations of Iverify and TransAlarm.
Driehaus Private Equity is Securitas´ co-partner in this transaction.
Iverify will continue to be headquartered in Charlotte with the two monitoring centres of the combined operations serving as back-ups to each other. The joint operation employs 300 people.
“Securitas has set a target to triple the group’s sales of security solutions and technology from 6% in 2012 to 18% by year-end 2015,” explained Alf Göransson, President and CEO of Securitas. “The acquisition supports the group’s strategy and strengthens Securitas’ position in the USA as an integrated security solutions provider.”
Göransson stated that the acquisition also facilitates the creation of alternatives to implement the Affordable Care Act in the USA, in addition to emphasising the long term value it will bring in creating security solutions for Securitas’ customers.
Santiago Galaz, Securitas’ divisional president for security services in North America, added: “Iverify and TransAlarm are a perfect match. They are both leaders in their industry and deliver complementary services. The new Iverify that emerges from this transaction will provide reliable solutions towards our customers for our remote video services and have the capacity for installing the associated technology. All of this is with a nationwide reach across the US.”
Securitas has approximately 104,000 employees in North America providing on-site security guarding, mobile services and remote guarding as well as risk management and consulting services.
*The acquisition is included as an associated company in Securitas as of 1 June 2014