Securitas is strengthening its client value proposition in the Australian security market through the acquisition of Fredon Security, a leading electronic security company in Australia. The purchase price is estimated at AUD 32M.
Securitas has entered into an agreement to acquire Fredon Security, founded in 2012 as a division within Fredon Group, an Australian engineering and building services company. Fredon Security is specialised in high-end electronic security solutions including system design, engineering, installation, commissioning and maintenance. The company has approximately 110 employees with a strong footprint across Australia’s key geographical markets; Melbourne, Canberra, Brisbane, Perth and Sydney, where it is headquartered.
Through strong organic growth the company has established a robust market position in the technology, commercial and government client segments. Fredon Security’s annual sales was AUD 37M in the financial year ending June 2019.
“We are pleased to welcome the Fredon Security team onboard for an exciting journey together with Securitas. Our ambition is to be the leading protective service provider in Australia. The acquisition of Fredon Security puts us in a position of strength in delivering quality electronic security services to our clients and we will continue growing the business together with the team. In combination with our recent investments and growth into our guarding, alarm monitoring and remote video solutions services we are in a strong position to build long-term client partnerships and offer our clients integrated security solutions based on their individual needs and risks,” says Andreas Lindback, Divisional President, Securitas AMEA
