The ratings on Sweden-based security services provider Securitas AB reflect Standard&Poor's Ratings Services' view of the group's pro forma position assuming the successful completion of its proposed acquisition of Swedish security systems company Niscayah AB (not rated). Securitas' position as world leader in the security services market should benefit from the integration of Niscayah, which has slightly higher Standard&Poor's-adjusted EBITDA margins than Securitas, by broadening the range of services offered directly to customers. Additionally, the acquisition would enable Securitas to have better control over the quality of services it delivers with partners. Acquisition risk is reduced, in our view, by Securitas' good record of integrating acquired companies and the degree of familiarity between the two companies,
