Another expansion of the field of security services
July 17 2023 - 8:30AM
Another expansion of the field of security services
Tallinna Kaubamaja Grupp AS (hereinafter TKM
Group) subsidiary Viking Security AS acquires 100% of the shares of
Caesari Turvateenistuse Aktsiaselts. The transaction will be
completed after receiving the necessary approvals from the Estonian
Competition Authority and carrying out additional actions. The
share capital of Caesari Turvateenistuse Aktsiaselts is 25 564
euros.
Caesari Turvateenistuse Aktsiaselts is one of
the oldest security companies established in Estonia, which has
provided security services since 1994. The company provides
manned guarding, patrol and technical surveillance services as well
as construction and maintenance of security systems in Harju
County. The company’s turnover in 2022 was 727 thousand euros and
31 people work at the company.
In 2022, the turnover of Viking Security AS was
15.1 million euros, which is the third largest market share in
Estonia. Areas of activities are the creation of security
solutions, the design, construction and maintenance of security
systems, manned guarding and technical surveillance services, cash
transportation, fire safety services and inventory services.
The acquisition of Caesari Turvateenistuse
Aktsiaselts further strengthens Viking Security AS’ business in
different areas of activity. The merging of the companies increases
operational capacity and creates positive synergy, enabling to
offer even better services to clients. Along with the latest
acquisition of SKARABEUS Julgestusteenistuse OÜ, the company
continues its successful growth.
The transaction cannot be considered as the
acquisition of a significant share or as a transaction made with
persons connected with issuer within the meaning of the section
"Requirements for Issuers" of the NASDAQ Tallinn Stock Exchange
regulations, and does not have a significant impact on the
operations of TKM Group. The members of TKM Group’s supervisory
board and management board are not personally interested in the
transactions in any other way.
Raul PuuseppChairman of the Management
BoardPhone: +372 731 5000
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