Securitas Divests US Airport Security Business

Securitas has completed the divestiture of its Global Elite Group, a component of its US airport security operations, to an affiliate of H.I.G. Capital. This strategic move, finalized on March 31, signifies Securitas's focus on refining its business portfolio and concentrating on core security services. The transaction allows H.I.G. Capital to integrate Global Elite Group into its existing investment strategies, potentially enhancing its market position in the security sector. This divestment is part of Securitas's broader strategy to optimize its global operations and enhance shareholder value through targeted business adjustments.