Securitas to acquire Protection One for €72m.

Securitas, an intelligent protective services partner, agreed to acquire Protection One, the German firm specializing in remote technology-driven security solutions and electronic security, for €72m ($85m). "We are excited about the new opportunities that Protection One's strong experience in customized client solutions will enable, given their high client satisfaction and Securitas' increased focus on the SME segment," Peter Karlströmer, Securitas Divisional President Security Services Europe.