French entry through acquisition
Sector Alarm has signed an agreement to acquire the company Afone Sécurité with approximately 11,000 residential and SSE customers and a broad geographical coverage in France. The company operates under the two brand names - Afone Sécurité and Blokos.
“Afone Sécurité is a good strategic fit for Sector Alarm with a strong expertise and knowledge of the market. We want Afone Sécurité to become our platform for further growth and expansion in France”, CEO Jørgen Dahl says.
France, together with Spain, is the fastest growing markets in Europe and with a penetration rate of around 3% and close to 30 million private households and Small Sized Enterprises (SSEs) we are confident that France will become one of our most important markets in the coming years.
Further information about Afone Sécurité and Blokos can be found at their websites: www.blokos.fr or www.afonesecurite.com.
Eystein Lund, CFO at Sector Alarm Holding A/S
Mobile number: +47 906 02 127