The company inists that the “decisive factor” in coming years will be “a critical mass of knowledge and the ability to create innovative solutions that provide greater benefits for customers” in what’s sure to be an increasingly demanding security marketplace.
With this in mind, Securitas has initiated cost-saving measures across the Security Services North America and Security Services Europe business divisions.
For example, the Mobile and Monitoring divisions and the Security Services Europe division will be merged to improve co-ordination and speed of technology implementation.
It’s expected that the preparation and execution of these measures will be finalised during the fourth quarter of 2012, by which time the final savings and restructuring costs can also be determined.
Total annual savings – themselves expected to materialise in 2013 – are estimated at approximately MSEK 300. The savings are calculated as a net amount after accounting for further investments and additional resources to strengthen the technology capacity of Securitas.
Restructuring costs are currently estimated to be approximately MSEK 360, and again will be accounted in the fourth quarter of 2012.
Responsibility for the merger
Until further notice, Alf Goransson – president and CEO at Securitas – will assume responsibility for the merger between the Security Services Europe division and the Mobile and Monitoring divisions.
Meanwhile, Erik-Jan Jansen has been appointed COO and Aime Lyagre CTO (Chief Technology Officer) of the new European division.
Bart Adam has been appointed CFO of Securitas AB.
Kim Svensson (previously senior vice-president of corporate finance) and Aime Lyagre, formerly the COO of Security Services Europe, will step down from Securitas’ Group Management. Svensson has been appointed regional president of Securitas China and South East Asia.
Further details concerning the initiated measures will be provided in Securitas’ Interim Report for January-September 2012, which is due for publication on 7 November.
