Securitas AB

Not to be confused withSecuritas AG.

Securitas AB

Head office inStockholm,Sweden
Company type	Public(Aktiebolag)
Traded as	Nasdaq Stockholm:SECU B
ISIN	SE0000163594
Industry	Security
Founded	1934(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	107.954 billionkr(2020)
Operating income	3.829 billion kr (2020)
Net income	2.416 billion kr (2020)
Total assets	59.127 billion kr (2020)
Total equity	17.707 billion kr (2020)
Owner	Gustaf Douglas,companies and family (10.9%; 29.6% votes) Melker Schörling,company and family (5.4%; 11.6% votes)
Number of employees	355,000 (2020)
Subsidiaries	Pinkerton,Protectas SA,Paragon Systems,Cobelguard NV, Staysafe, Allcoopers Limited, Central de Alarmas Adler, Zvonimir Security, Protectas AG
Website	securitas.com

Securitas office in Canada

Securitas ABis Swedishgroupdevoted to security services, such assecurity guarding,mobilepatrolling,monitoring,investigationand related consulting services.The group is headquartered inStockholmand had over 300,000 employees in 53 countries worldwide as of 2016.Securitas AB islistedatNasdaq OMX Stockholmin theLarge Capsegment.

Securitas AB owns and operates the Swiss security company Protectas AG in Switzerland,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

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.

In 1949, AB Securitas Alarm was founded as the company's security technology subsidiary, and during the following decade, the company started expanding internationally.

In 1972, the group wasrebrandedasSecuritas,the Roman goddess of security and stability,with alogotypeconsisting of three red dots and the word "Securitas." The dots are described as representing the group's corevaluesof "Integrity, Vigilance, and Helpfulness."

In 1976, Erik Philip-Sörensen sold the Securitas group to his sons Jörgen Philip-Sörensen and Sven Philip-Sörensen,and in 1981, the group was divided between the sons, with the international operations developing intoGroup 4and the Swedish operations retaining the Securitas brand.

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.

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.

In February 1999, Securitas acquiredPinkertonand in August 2000,Burns Securityand 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.

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.

In 2006,Marie Ehrlingwas elected Chairman of the Securitasboard of directors.

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).Securitas Direct was later renamed toVerisurein all countries except Spain and Portugal.

In November 2007, theUnited Kingdomcash handling services of the division Loomis were sold to Vaultex Ltd., owned byHSBCandBarclays.Securitas began operating inPeruin November 2007.In 2008, the divisionLoomis(cash handling) was distributed to the group's shareholders andlistedatNasdaq OMX Stockholm.

In September 2010, Securitas acquired the security-services operations of Reliance Security Group in theUnited Kingdom.In November 2011, Securitas acquired Chubb Security Personnel in the United Kingdom.

As of 2012, Securitas was present in 53 countries and territories.

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.

In March 2022, Securitas partnered withCitizento trial a version of Citizen's on-demand private security service in Chicago.

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

Controversies

Murder of Cassie Heppner

In February 2020, American Securitas officer Robert Pavao murderedTimberlandemployee Cassie Heppner at Timberland's corporate headquarters inStratham, New Hampshire,where Pavao was contracted to.Pavao was found guilty of second degree homicide and sentenced to 55 years in prison for the crime.

Suspension for Harvard union protest

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.

Operations

Securitas officers and patrol vehicle contracted to patrolVästtrafikbuses and trains inGothenburg,Sweden

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.

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.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."

These operations are reported as part of the North American business segment.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.

On-site Guarding

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.

Mobile patrol

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.

Remote guarding

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.

Securitas Technology

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.

Risk Management & Private Investigations

Main article:Pinkerton (detective agency)

Securitas' corporate risk management and investigations services are provided by their subsidiaryPinkerton.

Gallery

• 
  A Securitas branch office inGillette, Wyoming
• 
  Securitas patrol vehicle inCopenhagen,Denmarkcontracted to provideport security
• 
  A Securitasmobile patrolvan
• 
  Securitas port security officers talking with aHarbourmasterinNorway

See also

• 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

External links

• Media related toSecuritas ABat Wikimedia Commons
• Official website of Securitas AB
• Official website of Pinkerton
• Securitas Epay