Securitas AB Annual Report 2005

The Group – Three new companies
Securitas to list three new specialized
security companies on the Stockholm
Stock Exchange
The Board of Securitas AB has proposed to transform three of its divisions
into independent, specialized security companies: Loomis Cash Handling
Services AB, Securitas Direct AB and Securitas Systems AB. The three new
companies will, subject to a decision by an Extraordinary General Meeting
proposed for September 25, 2006, be distributed to the shareholders by way
of a tax free dividend and listed on the O-list of the Stockholm Stock Exchange
immediately thereafter.
Securitas has grown into a world leader in security with
217,000 employees and sales of MSEK 66,014, by organic
sales growth and acquisitions during the last 20
years. Securitas’ strategy has been instrumental in developing
and consolidating the security industry to become
more focused and independent with clear market players
delivering professional security. Through its substantial
market position in many countries, Securitas has been,
and is, a driving force in the industry. The key words in
this development are professionalism, specialization and
segmentation refl ecting ever-growing and differentiated
customer needs, thus creating new markets and specialized
businesses with their own logic.
Securitas is leading the industry
2006
2006
Securitas has been in the forefront of the security industry for many
years. Following the increased specialization and customer segmentation,
Securitas decided to dividend out Assa Abloy and Attendo to become
independent companies. In 2006 the next strategic step is proposed
through the dividend of three divisions, Securitas Systems, Securitas
Direct and Cash Handling Services.
1994
Loomis
2006
2000
Motives
The overall motives behind the proposed transactions are
to further enhance customer satisfaction, profi t growth and
business potential leading to increased shareholder value:
The security market
■ Security needs of companies, institutions, authorities
and households grow in step with increased costs of
disruptions in a more complex, integrated and network
dependent economy
■ Demand on security services result in a higher degree of
specialization. Companies and industries increasingly
ask for adapted and customized solutions
■ Deep knowledge of customer needs and capacity for
creative security solutions in close partnership with
customers are increasingly important competitive
advantages
Securitas’ development
■ The divisions of Securitas have reached such a size,
level of specialization of the customer offer, market
position, customer segmentation and business development
that the advantages of complete independence
are greater than the advantages of Group integration
■ The divisions of Securitas have suffi cient maturity in
management, administration, business control and development
to be fully prepared to continue stand alone
in line with their own more profi led business logic
■ Securitas’ culture of entrepreneurship gives the new
companies competitive advantages in a market where
innovation is a key to success.
14 SECURITAS 2005