Securitas Transport Aviation Services USA has announced the acquisition of New York-based Global Elite Group, a security services provider to the aviation industry in the US, the company said.
The purchase price is approximately USD 22m (SEK 200m), contingent upon reaching certain targets.
Securitas runs a twofold strategy in the US aviation market, addressing both the federal government with passenger and baggage screening for the Transportation Security Administration, as well as security services for the commercial market such as airlines, airports and airport related customers (e.g. cargo). The estimated market volume for the latter, i.e. the commercial market related to 450 airports, is between BUSD 1.3-1.8.
Global Elite Group specializes in providing high level security services to various airlines, airports and airport related customers. The customer base consists of more than 60 commercial airlines and numerous general aviation clients.