Securitas B Stock

Securitas AB is a Swedish group dedicated to providing security services, including security guarding, mobile patrolling, monitoring, investigation, and related consulting services. Headquartered in Stockholm, the group employed over 300,000 people across 53 countries worldwide as of 2016. Securitas AB is listed on Nasdaq OMX Stockholm in the Large Cap segment.

Securitas AB owns and operates Protectas AG, a Swiss security company. Notably, there is a separate, pre-existing Swiss security company called Securitas AG, which is part of the Swiss Securitas Group.

Since 1999, Securitas AB has been the parent company of Pinkerton, a historically significant American detective agency.

Securitas AB, founded in 1934 in Helsingborg, Sweden, began as AB Hälsingborgs Nattvakt, a small guarding company purchased by Erik Philip-Sörensen. The company was renamed Förenade Svenska Vakt AB in 1935 and expanded through acquisitions of several small security firms, primarily in southern Sweden.

In 1949, AB Securitas Alarm was established as the company's security technology subsidiary, marking the start of international expansion in the following decade.

The group rebranded as Securitas in 1972, adopting the name of the Roman goddess of security and stability. The new logo featured three red dots representing the group's core values: Integrity, Vigilance, and Helpfulness.

Erik Philip-Sörensen sold the Securitas group to his sons, Jörgen and Sven, in 1976. The group was subsequently divided between the brothers in 1981, with international operations becoming Group 4 and Swedish operations retaining the Securitas brand.

Securitas was sold to the holding company Skrinet in 1983 and acquired by Investment AB Latour, controlled by Gustaf Douglas, in 1985. Under the new ownership, the group focused on security and began an international expansion in 1989 with acquisitions in Norway, Denmark, and Portugal, along with the establishment of operations in Hungary.

Securitas was listed on the Stockholm Stock Exchange in 1991. The group distributed ASSA AB, acquired in 1988, to its shareholders in 1994. Throughout the 1990s, Securitas expanded through foreign acquisitions in eleven European countries and the United States.

In February 1999, Securitas acquired Pinkerton, followed by Burns Security in August 2000, along with several regional security companies in the United States. These acquisitions propelled Securitas to become one of the world's largest security companies. In 2001, a new organizational structure with five business areas based on service types was implemented, and Loomis Fargo & Company was acquired.

The group's security services in the United States were integrated under the Securitas brand in 2003, and cash handling services were fully divisionalized with joint management for US and European operations.

Marie Ehrling was elected Chairman of the Securitas board of directors in 2006. That same year, the divisions Securitas Systems (alarm, monitoring, and access control systems) and Securitas Direct (solutions for homes and small businesses) were distributed to shareholders and listed on the Stockholm Stock Exchange. The Mobile (small and medium-sized customers) and Alert Services (electronic surveillance) divisions were also established, later forming the Mobile and Monitoring business segment. Securitas Direct was later renamed to Verisure in all countries except Spain and Portugal.

In November 2007, the Loomis division's UK cash handling services were sold to Vaultex Ltd., owned by HSBC and Barclays. Securitas expanded to Peru in November 2007. The Loomis (cash handling) division was distributed to shareholders and listed on Nasdaq OMX Stockholm in 2008.

Securitas acquired the security services operations of Reliance Security Group in the UK in September 2010, followed by Chubb Security Personnel in the UK in November 2011.

As of 2012, Securitas had a presence in 53 countries and territories.

In 2013, Securitas acquired Pinkerton Government Services, providing cleared security services to government agencies and programs requiring Department of Defense or Department of Energy security clearance. This division, known as Securitas Critical Infrastructure Services, operates both in the United States and worldwide for cleared services.

Securitas acquired Diebold Incorporated's Electronic Security business in North America in October 2015. This acquisition made Diebold's North American Electronic Security business, headquartered in Green, Ohio, the third largest commercial electronic security provider in North America.

In March 2022, Securitas partnered with Citizen to pilot Citizen's on-demand private security service in Chicago.

On July 22, 2022, Securitas purchased Stanley Security Solutions, including Stanley Healthcare, from Stanley Black & Decker. The brands were subsequently renamed Securitas Technology and Securitas Healthcare, respectively. The initial agreement for the purchase was signed on December 8, 2021.

Securitas, a global security services provider, operates across three main business segments: Security Services North America, Security Services Europe, and Security Services Ibero-America. Operations outside these regions are categorized under "Other," which also includes central expenses. The group generally operates under the Securitas brand for all its business segments, while consumer sales are conducted under the Verisure brand in all countries except Spain and Portugal.

Specialized services like due diligence, background checks, security assessments, brand protection, intellectual property protection, executive protection, investigations, cyber surveillance, computer forensics, social compliance, and IT security are provided globally under the Pinkerton brand. These operations are part of the North American business segment. Securitas has three operational centers in North America: Toronto, Ontario; Parsippany, New Jersey; and Westlake Village, California. The Swiss market is an exception, with general security services provided under the Protectas brand.

Securitas' core operations revolve around on-site security and guarding services. Their on-site guarding division provides security officers for various roles, including standing rolls, reception, patrol, vehicle patrol, and specialized assignments like fire watch, fire extinguisher testing, access control, console operations, safety auditing, alarm & emergency response, and customized site-specific security tasks. Securitas also offers special event security services, primarily for concerts and sporting events.

The company operates a mobile patrol division, referred to as "mobile guarding," providing security for businesses without needing full-time guards. This service involves officers patrolling the property one to a few times a night, and includes incident response services for security concerns occurring when an officer is not on-site.

Securitas also offers remote guarding services where officers monitor a customer's site from an off-site command center. Suspicious activity triggers communication with on-site individuals through speakers, and police or other emergency services are notified when necessary. Mobile patrol officers often respond to incidents discovered by remote guarding officers. Securitas also provides remote escort services, where an off-site officer monitors an employee's walk to or from their vehicle.

Securitas Technology, including Securitas Healthcare, specializes in providing locks, fire sensors, security cameras, and related hardware. They also supply the software used to monitor this equipment. Additionally, Securitas Technology offers computer security software to safeguard hardware, software, and electronic data.

Securitas' corporate risk management and investigations services are provided through its subsidiary, Pinkerton.