Information on the target
Alarm West Group is a prominent security services provider in Bosnia and Herzegovina, employing approximately 1,200 individuals and generating annual sales of around MSEK 130 (MBAM 27). The company specializes in guarding services while also offering alarm installations and mobile services. With a diversified customer portfolio, Alarm West Group operates across all regions of the country, establishing a strong presence in the local security market.
Through this acquisition, Securitas aims to enhance its operational capabilities and market position, ultimately becoming the market leader in security services in Bosnia and Herzegovina, capturing approximately 25 percent of the market share. The acquisition was officially consolidated into Securitas AB as of December 1, 2010.
Industry overview in the target’s specific country
The security services industry in Bosnia and Herzegovina has been experiencing steady growth, driven by increasing demand for comprehensive security solutions across various sectors. Factors such as rising crime rates, heightened awareness of safety, and the need for reliable security measures have contributed to the expansion of this market. As businesses and individuals seek to protect their assets, the demand for professional security services continues to rise.
In recent years, the industry has seen a shift towards integrated security solutions that combine traditional guarding services with advanced technology, such as alarm systems and surveillance equipment. This trend reflects a growing recognition of the importance of tailored security solutions that address specific client needs. Companies that can offer a combination of physical security and technological innovation are well-positioned to capture market share.
Moreover, the regulatory environment in Bosnia and Herzegovina has evolved, with increased emphasis on compliance and standards within the security sector. This has led to the emergence of more professional and reputable security firms, enhancing the overall quality of services available to consumers. As the market matures, competition is expected to intensify, prompting companies to innovate and differentiate themselves through superior service offerings.
Overall, the security services industry in Bosnia and Herzegovina presents significant opportunities for growth, particularly f…