Securitas’ Acquisition of Fredon Security Finalised
Danny Berkovic, managing director, Fredon Security.
Australia’s Fredon Security has been acquired by Securitas with the sale finalised on January 9, 2020.
Fredon Security was founded in 2012 as a division of the Australian-owned Fredon Group, specialising in high-end electronic security solutions including system design, engineering, installation, commissioning and maintenance. Approximately 110 employees located across Melbourne, Canberra, Brisbane, Perth and Sydney will join Securitas along with Fredon Security managing director, Danny Berkovic.
“I am excited to join the Securitas family who have shown demonstrable leadership in the global security market and identified electronic security as a key focus area for future growth in Australia,” Berkovic said. “Joining Securitas will provide excellent opportunities for our clients and team of outstanding professionals. I look forward to the journey in the years to come with a continued focus on our clients’ success and new opportunities.
“It is with great pride I hand over the ownership of Fredon Security to Securitas and I am convinced we have found a good new home for our clients and employees. We look forward to a strong future and cooperation with Securitas with an enhanced service offering to Fredon Group’s clients.”
The sale will see Fredon Security transition and rebrand to Securitas by 2022, during which time Fredon Group will continue to support Fredon Security. Fredon will continue to provide multi-services offering of electrical, HVAC, technology, asset services, mining and industrial, infrastructure and security services.
Stockholm Sweden-based Securitas employs 370,000 people in 59 markets including North America, Europe, Latin America, Africa, the Middle East, Asia and Australia.
“We are pleased to welcome the Fredon Security team onboard for an exciting journey together with Securitas,” said Gert-Erik Engelien, country president, Securitas Australia.
“Our ambition is to be the leading protective service provider in Australia – the acquisition of Fredon Security puts us in a position of strength in delivering quality electronic security services to our clients and we will continue growing the business together with Danny Berkovic, who will continue to lead the team and Securitas Electronic Security.
“In combination with our recent investments and growth into our guarding, alarm monitoring and remote video solutions services we are in a strong position to build long-term client partnerships and offer our clients integrated security solutions based on their individual needs and risks.”