SECURITY - Industry Briefs

  • 2008-01-23
November 15: Andrus Ossip will take over as CEO of G4S Estonia, the largest security services provider in the country, effective March 1, the company announced. Ossip is currently a member of the company's management board. Ossip said he regards continued growth and retaining the market leader position as the most important goals of his new post. The creation of ever more sophisticated technical solutions is the key to success in the world of security services, he said. Ossip has been working in the security business since 2000. He will take over from Peeter Tohver, who worked as CEO of the company for eight years.

November 1: Latvia's Falck Apsargs security company has changed its name to G4S Latvia, a spokeswoman for the company told BNS. The board chairman of the company Edgars Zalitis told BNS that "Falck is a part of Group 4 Securicor for more than a year and changing the name of the company after joining international concern is a logical move." He said that, like in Lithuania and Estonia, the G4S brand is being introduced gradually. AS G4S Latvia provides security services to 15,000 individuals and companies in Latvia.

September 12: The Estonian security company Pristis Grupp saw sales revenue climb to 135 million kroons (8.63 million euros) during the first half of the year, up by 29 percent from the same period in 2006. Some 52 percent of the revenue was generated on the domestic market, Latvia accounted for 22 percent and Lithuania for 26 percent, the company said. Sales grew by 20 percent in Estonia, 61 percent in Latvia and 28 percent in Lithuania. The group's six-month profit was 11 million kroons.

September 6: Estonia's department store operator Tallinna Kaubamaja AS has announced it will in October terminate its security services contract with Falck Eesti AS for its Tallinn and Tartu department stores and launch its own security service. Tallinna Kaubamaja board chairman Raul Puusepp underlined that Tallinna Kaubamaja had no serious reproaches to Falck. "Simply, as volumes have grown, we have come to a situation where it seems to be sensible to do it ourselves," he said. Puusepp said the costs of creating the security service were not remarkable and an average of 70 people would be employed in the security sphere at the two department stores.