STAY AHEAD IRELAND January 2019 | Page 5

sary , ons pain, s and with . n ber ond n d was e. 2001-2003 From being a country based organisation, Securitas is organized in five specialized divisions in 2001 for greater business focus. The same year Securitas acquires Loomis, Fargo & Co. and becomes a major player in the U.S. cash handling market. 2002-2003 further acquisitions are made in the Netherlands, Spain, Germany and the USA to further strengthen the market position. 2004 The Security Systems division acquires Bell Group plc. in the UK and Eurotelis in France to become a market leader for banks and other high security customers. The Cash Handling Services division considerably strengthened its market position in France by the acquisition of Valiance. 2005 With a stronger local organization and the resulting improvement in customer rentention, Security Services USA again reported positive organic growth and a stable margin development. A clearer organization, a single brand and more efficient methodologies were among the most important results of the extensive structural work in the U.S. guarding operations. Security Services Europe introduced a new customer-segmented organization to place greater focus on service development and new customer segments. Changes in the European airport security business temporarily placed pressure on the division’s margins. Securitas Systems reported strong development in its U.S. operations and completed two acquisitions in the USA. Direct began an expansion in France and Benelux. 1934 -2019 In the beginning of the 1900’s, private security companies became increasingly common. The services that these companies offered were primarily keeping watch for fires and guarding entrances and gates. Today, security solutions are designed to meet specialized customer demands and the industry is led by a few international focused security companies – among them Securitas.