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Thursday, November 29, 2007
Securitas AB acquires 49% shares of Walsons Services Pvt Ltd.
"Sweden based Securitas AB, the world's largest Security organization has invested $ 17 million (about RS 68 crore) in city based Walsons Services Pvt Ltd to foray into India's (Rs 4,500 crore) provate security agency market." - Financial World
"The acquisition of 49 percent of Walsons will gives us a strong foot hold in the fast growing Indian Security services market and also the possiblity to service our multinational clients in India in the best possible way", Securitas President & CEO - Alf Goransson said.