Securitas, intelligent protective services partner, has acquired Protection One, specializes in remote technology-driven security solutions and electronic security. The acquisition will enhance Securitas’ protective services capabilities in Germany.
Protection One has 230 employees in Germany and is present at 12 locations with the operation center based in Meerbusch, offering remote monitoring services with 24/7 real-time intervention. The company provides full scope of electronic security services across 10,300 objects for approximately 7,000 clients, mainly small and medium-sized businesses.
“We are very happy to welcome the Protection One team to the Securitas family,” said Peter Karlströmer, divisional president, security services, Europe. “As the leading German player selling remote monitoring services and installations Protection One fits perfectly with Securitas’ security solutions and electronic security strategy. We are excited about the new opportunities that Protection One’s strong experience in customized client solutions will enable, given their high client satisfaction and Securitas’ increased focus on the SME segment. With this acquisition, we will further strengthen our leading offerings in the growing German security market. We believe this acquisition will help us serve our clients in an even better way today and in the future.”
The acquisition is expected to be finalized during the third quarter of 2021.