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Securitas Acquires Security Company in Costa Rica

With an investment of $8 million the Swedish company Securitas has acquired the private security firm CSS.

Friday, December 16, 2011

The transnational company, with operations in forty-nine countries, plans to expand from Costa Rica to the Central American market.

According to an article in Nacion.com, "Eric Koberg, manager of Securitas Costa Rica, says on their website ‘Securitas has analyzed the different markets and found an adequate legal framework in the country as well as social, political and economic stability."

Source: Nacion.com

Key entities

CSS Internacional Securitas

Countries

Costa Rica

Insight

security safety safety sistems Security companies fusion Mergers & Acquisitions

Guatemala: New Rules for Security Firms

November 2010

The new law establishes requirements for recruitment and requires companies to provide employee benefits.

It creates the General Department of Private Security Services under the Ministry of Interior, who will be responsible for overseeing the companies.

Sigloxxi.com details the contents of the new law:

El Salvador: Concentration Levels Under Review

April 2011

The country's competition regulator is evaluating four requests for local companies to be purchased in the communication, pensions and trade sectors.

The four requests received by El Salvador's competition regulator (SC in Spanish) are:

- América Móvil purchase of Digicel

Shell Costa Rica Negotiates with Panamanian Group

November 2010

Shell Oil is negotiating with Petróleos Delta the sale of all its assets and operations in Costa Rica.

The company confirmed the news to inquiries made by La Nacion of Costa Rica.

"The transaction is part of Shell's global strategy to concentrate its business in supply, distribution, marketing and sales in a smaller number of markets, globally."

"A Sweet, Gold Deal"

June 2008

Del Monte's $403 million acquisition of two Costa Rican fruit production operations could significant add to the company's earnings, according to Wachovia.

Wachovia Capital Markets upgraded the fruit-and-vegetable producer on Tuesday.
"Given the increasing global appetite for productive agricultural assets, including shipping assets, this deal can only be additive," Wachovia analyst Jonathan Feeney, who raised his rating on the company's stock to "outperform" from "market perform," said in a note titled "A Sweet, Gold Deal."

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