Securitas Direct AB

Malmö Sweden

 

Company Description

Sweden-based Securitas Direct provides alarm products and security services to homes and small businesses, primarily in Europe. Its contract-based offerings include installation and service, as well as monitoring and patrolling. The company operates via two units: Consumer (homes) and Professional (small businesses). All told, Securitas Direct serves more than one million customers in nine countries. Founded in 1988 as a division of security giant Securitas, Securitas Direct became an independent operating entity in 2006. The company in 2008 was bought out for $1.6 billion by private equity EQT Partners. In 2011 EQT agreed to sell Securitas Direct to Bain Capital and Hellman & Friedman for about $3.4 billion.