At the beginning of the year Sector Alarm took its first step into the Finnish market with the acquisition of Turvatiimi, Finland’s fourth biggest provider of security services with more than 1,000 employees and revenues of 35 million euros.
- Our two acquisitions in Finland have come in quick succession, and this really is an indication of our ambition to continue to grow in the Nordic region and in due course in the rest of Europe. Two years ago we acquired G4S in Sweden, which made us one of the leading operators in the Swedish market. We now have the same ambition to create an equivalent position in the Finnish market,” says Jörgen Dahl, CEO at Sector Alarm.
Sector Alarm’s strategy is to grow both organically and through acquisitions. Over the last four years they have acquired nine companies, eight of them based in the Nordic region. There is a strong desire and intention at Sector Alarm to play an active role in the consolidation of the Nordic security market. Each acquisition contributes to the creation of a solid platform for future synergies in each country.
It is expected that the formal takeover of G4S will take place at the beginning of April following the approval by the Finnish Competition Authority.
About G4S in Finland
G4S has national coverage with offices all over Finland. G4S products and services include system solutions, stationary manned services, patrols and response for clients in the private and public sectors. G4S also has extensive operations in the field of cash handling, which is the company’s second biggest business area. The G4S private homes and small and medium-sized enterprises and Turvatiimi’s equivalent customers, constitute the platform for “Small Systems” that is to be built up in Finland. This business operation, with SME clients and private clients, will operate under the Sector Alarm brand.
Contact and further information:
, CFO at Sector Alarm Holding A/S
Mobile number: +47 906 02 127
The Nordic security group Sector Alarm is a full-service provider of services in the field of safety and security for residential and business properties. Under the Sector Alarm brand, the company offers private homes and small businesses a safe environment in which to live and work.
The companies G4S and Turvatiimi are full-service providers of security solutions and cash handling for larger businesses and public organisations.
The Sector Alarm Group was founded in 1995 and has its head office in Oslo. Sector Alarm is the second biggest operator in the field of private homes and small businesses in Europe, has leading positions in Norway, Sweden and Finland, and is the market leader in Ireland. Before the acquisition in Finland, Sector Alarm had around 420,000 clients.