Securitas AB
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![]() Head office inStockholm,Sweden | |
Company type | Public(Aktiebolag) |
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Nasdaq Stockholm:SECU B | |
ISIN | SE0000163594[1] |
Industry | Security |
Founded | 1934 |
Headquarters | Stockholm,Sweden |
Area served | Worldwide |
Key people | Jan Svensson(Chairman) Magnus Ahlqvist(President &CEO) |
Services | Security services (security guardingand mobilepatrolling),monitoring,consulting andinvestigation |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Owner | Gustaf Douglas,companies and family (10.9%; 29.6% votes)[3] Melker Schörling,company and family (5.4%; 11.6% votes)[3] |
Number of employees | ![]() |
Subsidiaries | Pinkerton,Protectas SA,Paragon Systems,Cobelguard NV, Staysafe, Allcoopers Limited, Central de Alarmas Adler, Zvonimir Security, Protectas AG |
Website | securitas |
Securitas ABis Swedishgroupdevoted to security services, such assecurity guarding,mobilepatrolling,monitoring,investigationand related consulting services.[3]The group is headquartered inStockholmand had over 300,000 employees in 53 countries worldwide as of 2016.[3]Securitas AB islistedatNasdaq OMX Stockholmin theLarge Capsegment.
Securitas AB owns and operates the Swiss security company Protectas AG in Switzerland,[4]where there is a pre-existing, separate security company calledSecuritas AG,part of the Swiss Securitas Group.
Since 1999, Securitas AB has been the parent company ofPinkerton,a historically significant American detective agency.
History
[edit]Securitas AB was founded in 1934 inHelsingborg,Sweden,as AB Hälsingborgs Nattvakt, when Erik Philip-Sörensen bought a small guarding company. In 1935, the name was changed to Förenade Svenska Vakt AB. The company expanded through acquisitions of several small security companies, initially in southern Sweden.[5]
In 1949, AB Securitas Alarm was founded as the company's security technology subsidiary, and during the following decade, the company started expanding internationally.[5]
In 1972, the group wasrebrandedasSecuritas,the Roman goddess of security and stability,[6]with alogotypeconsisting of three red dots and the word "Securitas." The dots are described as representing the group's corevaluesof "Integrity, Vigilance, and Helpfulness."[7][8]
In 1976, Erik Philip-Sörensen sold the Securitas group to his sons Jörgen Philip-Sörensen and Sven Philip-Sörensen,[5]and in 1981, the group was divided between the sons, with the international operations developing intoGroup 4and the Swedish operations retaining the Securitas brand.[9]
In 1983, Securitas was sold to theholding companySkrinet, and in 1985, it was acquired byInvestment AB Latour,controlled byGustaf Douglas.Under the new ownership, the group focused on security, and in 1989, an international expansion began with acquisitions inNorway,Denmark,andPortugaland thevestablishment ofHungary.[9][10]
In 1991, Securitas waslistedon theStockholm Stock Exchange.In 1994, the group distributedASSA AB(acquired in 1988) to its shareholders. Throughout the 1990s, foreign acquisitions were made in elevenEuropeancountries and in theUnited States.[10]
In February 1999, Securitas acquiredPinkerton[11]and in August 2000,Burns Security[12]and several regional security companies in theUnited States.These acquisitions made Securitas one of the largestsecuritycompanies in the world. In 2001, a new organization took effect, with five business areas according to the types of services offered, andLoomis Fargo & Companywas acquired.[10][13]
In 2003, the group's security services in theUnited Stateswere integrated under the Securitas brand, and the group's cash handling services were completely divisionalized, with joint management for United States and European operations.[14]
In 2006,Marie Ehrlingwas elected Chairman of the Securitasboard of directors.[7][15]
Also in 2006, the divisionsSecuritas Systems(alarm, monitoring, and access control systems) andSecuritas Direct(solutions for homes and small businesses) were distributed to the group's shareholders andlistedat theStockholm Stock Exchange.In the same year, the divisions Mobile (small and medium-sized customers) and Alert Services (electronic surveillance of homes and businesses) were created (as of 2007, constituting the business segment Mobile and Monitoring).[13][16][17]Securitas Direct was later renamed toVerisurein all countries except Spain and Portugal.[18]
In November 2007, theUnited Kingdomcash handling services of the division Loomis were sold to Vaultex Ltd., owned byHSBCandBarclays.[17]Securitas began operating inPeruin November 2007.[19]In 2008, the divisionLoomis(cash handling) was distributed to the group's shareholders andlistedatNasdaq OMX Stockholm.[20]
In September 2010, Securitas acquired the security-services operations of Reliance Security Group in theUnited Kingdom.[21][22]In November 2011, Securitas acquired Chubb Security Personnel in the United Kingdom.[23]
As of 2012, Securitas was present in 53 countries and territories.[24]
In 2013, Securitas acquired Pinkerton Government Services, which provides cleared security services to governmental agencies and programs that require aDepartment of DefenseorDepartment of Energysecurity clearance.This government services division of Securitas became known as Securitas Critical Infrastructure Services. This division operates both in the United States and worldwide when cleared services are needed overseas.
In October 2015, Securitas acquired Diebold Incorporated's (NYSE-DBD) Electronic Security business in North America. Diebold's North American Electronic Security business, based in Green, Ohio, United States, is the third largest commercial electronic security provider in North America. Diebold's North American Electronic Security business has approximately 1,100 employees. The operation includes more than 55,000 monitored customer locations and 200,000 sites serviced.[25]
In March 2022, Securitas partnered withCitizento trial a version of Citizen's on-demand private security service in Chicago.[26]
On July 22, 2022, Securitas purchasedStanley Security Solutions,which included Stanley Healthcare, from the American companyStanley Black & Decker.The brands were renamed Securitas Technology and Securitas Healthcare, respectively. The initial agreement was signed on December 8, 2021[27][28]
Controversies
[edit]Murder of Cassie Heppner
[edit]In February 2020, American Securitas officer Robert Pavao murderedTimberlandemployee Cassie Heppner at Timberland's corporate headquarters inStratham, New Hampshire,where Pavao was contracted to.[29]Pavao was found guilty of second degree homicide and sentenced to 55 years in prison for the crime.[30]
Suspension for Harvard union protest
[edit]In January 2022, an American Securitas officer contracted toHarvard UniversityinCambridge, Massachusetts,Walter J. Terzano, was suspended for protesting during a contentious union contract negotiation between Securitas and theService Employees International Union.Terzano created protest signs and attempted to get other Securitas officers to protest outside the home of University PresidentLawrence Bacow.A complaint was made to Securitas by Harvard's director of facilities and maintenance, leading to the suspension. TheNational Labor Relations Boardruled that Securitas had unlawfully retaliated against Terzano.[31][32]
Operations
[edit]![](https://upload.wikimedia.org/wikipedia/commons/thumb/9/95/G%C3%B6teborg%2C_Ordningsvakt%2C_V%C3%A4sttrafik%2C_20230521%2C_12.jpg/220px-G%C3%B6teborg%2C_Ordningsvakt%2C_V%C3%A4sttrafik%2C_20230521%2C_12.jpg)
Securitas is divided into three main business segments, "Security Services North America," "Security Services Europe," and "Security Services Ibero-America." Operations outside of the Americas and Europe are reported in a separate category called "Other," which also includes central expenses.[7][24]
In general, the group operates under the brand Securitas for all business segments. However, sales to consumers are made under the Verisure brand in all countries except Spain and Portugal.[18]Specialized services includingdue diligence,background checks,security assessments,brand protection,intellectual property protection,executive protection,investigations,cyber surveillance,computer forensics,social compliance andIT securityare performed worldwide under thebrand"Pinkerton."[citation needed]
These operations are reported as part of the North American business segment.[7]There are three operations centers in North America:Toronto,Ontario,Parsippany,New Jersey andWestlake Village,California. The Swiss market is an exception to the name, in that general security services are provided under the brand Protectas.[24][33][34]
On-site Guarding
[edit]Securitas' primary operations are their on-site security and guarding services. Through their on-site guarding division, Securitas provides on-site security officers in various roles. Most commonly Securitas officers are hired for standing rolls, reception, patrol, and vehicle patrol. Specialty assignments can also includefire-watch,fire extinguisher testing, access control and badging, console operations, safety auditing, alarm & emergency response, and what Securitas refers to as "customized and site-specific security tasks". Additionally, Securitas offers special event security services, primarily for concerts and sporting events.[35][36]
Mobile patrol
[edit]Securitas operates a mobile patrol division, which they refer to as "mobile guarding". Businesses wanting security but not needing full time guards can subscribe to a mobile patrol service where officers will patrol the property one to a few times a night. The subscription also includes incident response services for security concerns occurring when an officer is not currently on-site.[37][36]
Remote guarding
[edit]Remote Guarding services involve Securitas officers monitoring a customer's site from an off-site command center. If suspicious activity is noticed, Securitas can use speakers to talk to people on-site as well as notify the police or other emergency services when necessary. Mobile patrol officers are also often used to respond to incidents discovered by a remote guarding officer. Securitas also offers remote escort services that involve an off-site officer watching an employee walk to or from their vehicle.[38][36]
Securitas Technology
[edit]Securitas Technology, which includes Securitas Healthcare, primarily provides locks, fire sensors, security cameras, and similar hardware. They also provide the software used to monitor this hardware. Additionally, Securitas Technology provides computer security software to protect hardware, software, or electronic data.[39][27][28]
Risk Management & Private Investigations
[edit]Securitas' corporate risk management and investigations services are provided by their subsidiaryPinkerton.[40]
Gallery
[edit]-
A Securitas branch office inGillette, Wyoming
-
A Securitasmobile patrolvan
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Securitas port security officers talking with aHarbourmasterinNorway
See also
[edit]- Loomisfor robberies committed against Loomis while it was a division of Securitas
- Securitas depot robberyfor the events of 2006 affecting the United Kingdom cash handling operations of the Loomis division of Securitas, at the time operating under the Securitas brand, and in 2007, sold toHSBCandBarclays
- Surfside condominium collapse,a 2021 building collapse for which Securitas paid over $500 million US in a later settlement[41]
References
[edit]- ^"SECU B, SECURITAS B, (SE0000163594)".
- ^abcdef"Annual Report 2016"(PDF).Securitas AB. pp. 4, 29.
- ^abcd"Annual Report 2016"(PDF).Securitas AB. pp. 21, 58, 62, 135.
- ^"Securitas AB mit neuem globalen Markenauftritt".www.protectas.com(in Swiss High German).Retrieved2023-10-04.
- ^abcSöderberg, Sten (1979).Vakt av värde[Guard of value] (in Swedish). Stockholm: Securitas (printed by Kugel Tryckeri AB).
- ^Dictionary of Roman Religion, Lesley Adkins and Roy A. Adkins, 2001, Oxford Univ Press,ISBN978-0-19-514233-4
- ^abcd"Annual Report 2009"(PDF).Securitas. Archived fromthe original(PDF)on 2011-10-04.Retrieved2010-12-22.
- ^"Annual Report 2005"(PDF).Securitas. Archived fromthe original(PDF)on 2011-10-04.Retrieved2011-02-28.
- ^ab"Our History".Securitas. Archived fromthe originalon 2011-05-24.Retrieved2011-02-21.
- ^abc"Annual Report 2000"(PDF).Securitas. Archived fromthe original(PDF)on 2011-10-04.Retrieved2011-02-21.
- ^"Securitas – press release".Cision Wire.2009-02-22. Archived fromthe originalon 2013-01-19.Retrieved2011-02-22.
- ^"Securitas – press release".Cision Wire.2000-08-03. Archived fromthe originalon 2013-01-19.Retrieved2011-02-22.
- ^ab"Annual Report 2001"(PDF).Securitas. Archived fromthe original(PDF)on 2011-10-04.Retrieved2011-02-21.
- ^"Annual Report 2003"(PDF).Securitas. Archived fromthe original(PDF)on 2011-10-04.Retrieved2011-02-21.
- ^"Minutes of Annual General Meeting of shareholders in Securitas AB"(PDF).Securitas. Archived fromthe original(PDF)on 2014-01-23.Retrieved2013-11-17.
- ^"Annual Report 2006"(PDF).Securitas. Archived fromthe original(PDF)on 2011-10-04.Retrieved2011-02-21.
- ^ab"Annual Report 2007"(PDF).Securitas. Archived fromthe original(PDF)on 2011-10-04.Retrieved2011-02-21.
- ^ab"About us".www.verisure.com.10 November 2021.
- ^"securitas, mundo, seguridad, soluciones, tecnología – Securitas".Archived fromthe originalon 2013-07-14.
- ^"Annual Report 2008"(PDF).Securitas. Archived fromthe original(PDF)on 2011-10-04.Retrieved2011-02-21.
- ^"Securitas to acquire Reliance Security Services in the United Kingdom".Securitas. 2010-09-30. Archived fromthe originalon 2011-10-04.Retrieved2011-04-06.
- ^"Approval of Securitas' acquisition of Reliance Security Services in the United Kingdom".Securitas. 2010-11-10. Archived fromthe originalon 2011-04-10.Retrieved2011-04-06.
- ^"Securitas completes acquisition of Chubb Security Personnel Limited in the United Kingdom".Securitas. 2010-04-01. Archived fromthe originalon 2011-09-14.Retrieved2011-11-23.
- ^abc"Annual Report 2012"(PDF).Securitas. March 15, 2013. Archived fromthe original(PDF)on May 20, 2013.Retrieved2013-11-17.
- ^"Securitas agrees to acquire Diebold's North American Electronic Security business – Securitas".www.securitas.com.RetrievedSep 9,2020.
- ^Cox, Joseph (March 21, 2022)."Citizen Planning to Trial On-Demand Private Security in Chicago".Vice.
- ^ab"Securitas completes the acquisition of STANLEY Security".www.securitas.com.Retrieved2023-10-25.
- ^abSharpless, Greg (2023-03-29)."Securitas Launches Securitas Technology Brand".Security Sales & Integration.Retrieved2023-10-25.
- ^Cronin, Patrick."Security guard charged in murder of Exeter woman at Timberland to plead guilty".Portsmouth Herald.Retrieved2023-10-25.
- ^"Son asks for a life sentence so his mother's killer 'could not hurt anyone else'".
- ^"Retaliation for Protest Is an Indignation | Opinion | The Harvard Crimson".www.thecrimson.com.Retrieved2023-10-25.
- ^"Harvard, Securitas Retaliated Against Guard, Regional National Labor Relations Board Claims | News | The Harvard Crimson".www.thecrimson.com.Retrieved2023-10-25.
- ^"Annual Report 1999"(PDF).Securitas. Archived fromthe original(PDF)on 2012-06-01.Retrieved2011-11-23.
- ^"History".Pinkerton. 2013. Archived fromthe originalon 2014-04-28.Retrieved2013-11-17.
- ^"On-site Security & Guarding".www.securitasinc.com.Retrieved2023-10-25.
- ^abc"Integrated Guarding".www.securitasinc.com.Retrieved2023-10-25.
- ^"Mobile Patrol Services".www.securitasinc.com.Retrieved2023-10-25.
- ^"Remote Guarding".www.securitasinc.com.Retrieved2023-10-25.
- ^"Securitas Technology celebrating momentum, anniversary of STANLEY acquisition".www.securitysystemsnews.com.Retrieved2023-10-25.
- ^"Home".pinkerton.com.Retrieved2023-10-25.
- ^Anwer, Glenna Milberg, Saira (June 22, 2022)."Surfside building collapse: Security company to pay most of $1B settlement, attorneys say".WPLG.RetrievedJuly 9,2022.
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External links
[edit]Media related toSecuritas ABat Wikimedia Commons
- Official website of Securitas AB
- Official website of Pinkerton
- Securitas Epay
- Companies based in Stockholm
- Security companies of Canada
- Security companies of Singapore
- Security companies of Sweden
- Security companies of the United States
- Business services companies established in 1934
- Swedish companies established in 1934
- Swedish brands
- Companies listed on Nasdaq Stockholm
- 1991 initial public offerings