Bluelinea to acquire Securitas Téléassistance

(AOF) – Bluelinea, a player in the “Silver Economy”, has announced the acquisition project of Securitas Téléassistance. This strategic operation will allow the new group to climb into the top 5 on the French remote assistance market. Securitas Téléassistance, an approved personal services company, monitors the safety of the elderly, isolated or vulnerable, every day, remotely, whether at home or in assisted living facilities for Seniors. The company now supports 12,309 subscribers and their families.

With a team of 21 employees, Securitas Téléassistance achieved a turnover of 2.1 million euros and a normative EBITDA of 0.5 million euros in 2020.

In order to optimize the integration of the Securitas Teleassistance teams, Bluelinea has implemented a plan to optimize its organization and its costs, the objective of which is to generate recurring savings in operating costs of 1.4 million. euros for a full year from 2022.

Thus, at the end of this transaction, Bluelinea will have a total turnover of close to 10 million euros and says it can calmly aim for a positive Ebitda at the end of 2022.

This acquisition, the amount of which remains confidential, will be self-financed with a payment schedule of funds over 2021 and 2022 compatible with the company’s forecast cash flows.

“This acquisition will give Bluelinea a new dimension and will strengthen our credibility with prime contractors, in particular local authorities. We will be able to respond to calls for tenders, thanks to the know-how from Securitas France”, commented Laurent Levasseur, Chairman of the Management Board of Bluelinea.

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