Sector Alarm makes cash offer for Trygga Hem Skandinavien
Sector Alarm Holding AS has, through its wholly owned Swedish subsidiary Sector Alarm AB, announced a recommended cash offer to the shareholders of Trygga Hem Scandinavien AB to acquire all shares in Trygga Hem. The shareholders have been offered SEK 18 in cash for each share in Trygga Hem, which represents a total offer value of approximately SEK 192.6 million.
Trygga Hem is a security company providing products and services for owners of private homes, apartments, cottages and farms. The alarm service consists of a home alarm and security guards connected to an alarm central, with service provided on a subscription basis. Products include alarms, locks, fire extinguishers, safety, and other self-defense products. The Trygga Hem share has traded on NASDAQ OMX First North Stockholm since 27 May 2008.
Sector Alarm Group is a total solutions provider of safety and security for private homes, with operations and over 1,000 employees in Norway, Sweden and Ireland. Since its establishment in 1995, the Group has grown to become the second largest company in the European market for home alarm and security in homes with a customer base of approximately 300,000 customers and an annual turnover of around NOK 1 billion.
Sector Alarm was advised by Mannheimer Swartling on the offer. The firm’s team included Eva Hägg, Nils Nostell, Johan Lindstrom, Marcus Ladow and Mikael Moreira, supported by Thomas Wallinder and Anna Mirsch.