Expansion of the field of security services
31 Mayo 2023 - 8:00AM
Expansion of the field of security services
Tallinna Kaubamaja Grupp AS (hereinafter TKM
Group) subsidiary Viking Security AS acquires 100% of the shares of
SKARABEUS Julgestusteenistus OÜ. The transaction will be finalised
after receiving the necessary approvals from the Estonian
Competition Authority and carrying out additional actions. The
share capital of SKARABEUS Julgestusteenistus OÜ is 2556 euros.
SKARABEUS Julgestusteenistus OÜ is a nationwide
security company with departments in Tallinn, Tartu, Pärnu and
Central Estonia that provides manned guarding, patrol and technical
surveillance services. The company’s turnover in 2022 was 3.1
million euros and 168 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 SKARABEUS Julgestusteenistus
OÜ enables Viking Security AS to strengthen its business in all
areas of activity. The merging of the two companies gives positive
synergy through the fusion of strong industry know-how, the growth
of operational capability and cost-effectiveness. The transaction
creates an opportunity to continue successful growth and develop
new services.
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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