I wrote quite comprehensive comments regarding the deal. An interesting deal indeed. The acquisition price for BLC as an independent company would be expensive, but as part of Loihde, I believe the deal’s value creation opportunities are good. Of course, these also rely heavily on synergies, which always involve uncertainty. In this acquisition, as the business is in many respects very similar to Loihde’s, the realization of synergies should be more probable than average, as we know quite certainly what we are acquiring.
Our fairly recent extensive report has quite extensively covered this target market for Security Solutions, if you are more interested in the matter. Here are a couple of graphs. Note: Securitas’s profitability is a poor benchmark due to their quite different business profile.
