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Securitas AB history
Securitas AB company history timeline
Paying $384 million, Securitas gained control of the 150-year-old United States company, founded by Alan Pinkerton in Illinois in 1850.
In the beginning of the 1900’s, private security companies became increasingly common.
1901: Kjobenhavn Frederiksberg Nattevagt is founded by Philip Sorensen.
1918: Kjobenhavn Frederiksberg Nattevagt becomes part of future ISS Group.
Our original company was founded in Sweden in 1934 by Erik Philip-Sörensen.
1949 Securitas Alarm is founded in Sweden to meet the demand for alarm technology as a complement to the guarding services.
The company's first international move came with the launch of a subsidiary in the United Kingdom in 1950; at that time, the company combined all of its operations under a single name, Securitas International.
1950: Company expands into United Kingdom, adopts Securitas International brand name.
In 1963, Securitas formed two new subsidiaries in the United Kingdom, Store Detectives Ltd. and Securitas Alarms Ltd.
While Erik Philip-Sorensen remained at the head of the company, son Jörgen was appointed to lead the company's growing U.K. operations in 1965.
Baker Industries held the trademarks to two famed names—Wells Fargo and Pony Express, acquired in 1967 from American Express.
1968: Securitas restructures its four U.K. businesses under the name Group 4.
In year 1972, the company was consolidated under the name of Securitas and a logo was established with three dots depicting our core values- integrity, vigilance and helpfulness.
Jorgen and Sven Philip-Sorensen took over the company's leadership only upon Erik Philip-Sorensen's retirement in 1974.
Burns had its start as part of the former Borg-Warner, when that industrial conglomerate acquired Baker Industries in 1977, giving it entry into the security services market.
The brothers maintained joint-ownership of the company until 1981, when Securitas was divided equally between them.
1981: Company is divided into Securitas (Sweden) and Group 4 (international); Group 4 is later acquired by Falck and becomes the world's second largest security services group, Group 4 Falck A/S.
By 1983, he had sold his interest in the company.
Pinkerton, originally a barrelmaker, became the first private detective in the United States and, with a logo featuring an open eye, spawned the term "private eye." Pinkerton's had been acquired by tobacco company American Brands in 1983.
Latour, led by Gustaf Douglas, who also became vice-chairman of Securitas, led the company on a dramatic expansion drive beginning in 1988.
The newly slimmed down company had sales of less than SKr 1 billion as its acquisition drive began in 1988.
1991: Company is listed on the Stockholm exchange; acquires United States-based Arrow.
In 1992 Securitas acquires Protectas with operations in France, Switzerland, Austria and Germany.
The company moved into Finland in 1993, acquiring security operations in that country.
The company sold off its part of the joint venture to shareholders in 1994.
Other acquisitions of 1996 included La Rond de Nuit and Domen Securité in France; Sonasa, in Portugal; Timetech, in Sweden; Krupp Sicherheit, in Germany; and Inkjassaator, in Estonia.
In 1998 Proteg in France and Raab-Karcher in Germany is acquired.
In 1998, also, Securitas launched its first subsidiary operations in Latvia.
In 1999, Borg Warner itself changed its name, to Burns International.
1999: Securitas acquires Pinkerton's Inc. for $384 million, thus gaining a major share of the United States market.
de Bendern, Paul, “Securitas Profit Jumps, 2000 EPS Seen up 25 Pct,” Reuters, February 8, 2000.
“Sweden’s Market Is Smiling on Securitas AB, but Some Wonder If Buying Spree Is a Bit Much,” Wall Street Journal, August 25, 2000.
2000: Securitas acquires its second major United States firm, Burns International, and sees its revenues surpass SKr 40 billion.
Hardie, Will, “Securitas Sees Windfall from Euro Money Launch,” Reuters, June 12, 2001.
At mid-2001, the company announced that it had agreed to pay more than $100 million to acquire full control of the Loomis Fargo Group.
2006 The former divisions Securitas Systems and Securitas Direct were distributed to shareholders on September 29, 2006 and listed as separate companies on the Stockholm Stock Exchange.
2008 The former division Loomis was distributed to shareholders on December 3, 2008 and listed as a separate company on the Stockholm Stock Exchange.
"Securitas AB ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/securitas-ab
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Securitas AB competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| G4S | 1901 | $9.6B | 533,000 | 15 |
| Universal Protection Service | - | $40.0M | 750 | - |
| West Coast Choppers | 1992 | $6.0M | 50 | - |
| Pinkerton Government Services Inc | 1850 | $10.0M | 150 | 87 |
| SOS Security | 1969 | $150.0M | 3,200 | - |
| Inter-Con Security Systems | 1973 | $443.5M | 35,000 | 437 |
| Summit Security Services | 1976 | $110.0M | 2,000 | 148 |
| Murray Guard Security | 1967 | $110.0M | 2,030 | - |
| Madison Security Group | 2004 | $71.0M | 1,500 | - |
| CSC - Contemporary Services | 1967 | $3.1B | 59,001 | - |
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Securitas AB may also be known as or be related to Securitas AB and Securitas Security Services USA.