We acted as the legal advisor to Sector Alarm Group and Avarn Group in the transaction where the Finnish security companies AVARN Security Oy and Prevent 360 Group agreed to combine their businesses. The two companies signed a deal on a business combination on the 22 January 2018. Prevent 360 is owned by Intera Partners and the management team and the owner of AVARN Security is Sector Alarm Group.
The arrangement requires an approval from the Finnish Competition and Consumer Authority (FCCA). The businesses included in the combination are security services, alarm center services and security technology. The current owners of the companies remain as shareholders.
AVARN Security Finland is a security firm for corporate customers and public sector providing nationwide security services and solutions. AVARN Security Finland employs more than 2.800 security professionals. AVARN Security is part of the Norwegian Sector Alarm Group.
Prevent 360 (formerly ISS Security) provides its customers with comprehensive security solutions. Prevent 360 combines professional guard services with the newest digital applications. Prevent 360 is a prominent industry actor that employs 1400 security professionals.
