Securitas, an intelligent protective services partner, has agreed to acquire Tepe Güvenlik A.S., an electronic security company in Turkey. Through this acquisition, Securitas becomes number two in the monitoring market in Turkey, and the acquisition is in line with the company’s strategy of doubling its security solutions and electronic security sales by 2023.

Tepe Güvenlik has 250 employees and operations mainly in Ankara and Istanbul, including an operation center and a nationwide technical service network. Tepe Güvenlik specializes in electronic security solutions, alarm systems and alarm monitoring for corporate clients, SME’s and residential areas. The company has more than 50,000 connections, representing a significant addition to Securitas’ existing connection base in Turkey today.

“This is a unique acquisition opportunity in the Turkish alarm monitoring market and will consolidate Securitas position in this space,” Peter Karlströmer, divisional president, security services, Europe. “We are pleased to welcome Tepe’s experienced team to Securitas and look forward to further developing our presence in and bringing innovations and solutions to our clients. This is a strategic milestone for our business in Turkey, significantly strengthening our security solutions and electronic security footprint in the country.”

The acquisition is expected to be finalized during the third quarter of 2021.