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Securitas moves from London to Stockholm

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13:09 CEST+02:00
Swedish security firm Securitas is to move its head office from London back to Stockholm.

The company's CEO, Thomas Berglund, and CFO, Håkan Winberg, are currently based at the company's offices in Feltham, London.

Berglund is due to be succeeded next March by Alf Göransson, who will be based in Stockholm. Winberg announced that he does not intend to move to Stockholm and will therefore resign from the company, leaving in the second half of 2007.

Group functions including Corporate Finance, Insurance, Legal, Tax and Investor Relations, will also be moved from London to Stockholm.

Henrik Brehmer, Securitas' Investor Relations chief, told The Local that the company had initially moved its headquarters from Stockholm to London when it had started its expansion in the United States.

"It was easier to be in London, as it was close to major airports and banks. But now we have stable operations in the US, and we're entering a new phase in the Securitas story."

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