Securia was founded in 1999 in Stockholm and the company offers security related services and insurance solutions mainly to private individuals and, to some extent, to small and medium sized companies. The service offering covers e.g. so-called blocking service, i.e. one telephone number for blocking all credit and debit cards, identity tags for returning lost or misplaced keys and mobile phones, and innovative insurance solutions.
Over the past two years, the company has shown approximately 90% sales growth. The market for Securia’s services has strong growth characteristics; underlying market drivers include increasing usage of non-cash payments, mobile phones and other electrical equipment and an increasingly positive consumer sentiment regarding safety and security.
Securia, with headquarter in Stockholm, has its main operations in Sweden, with greenfield operations in Norway and Finland. In addition, the company has joint ventures in Poland, Russia and Chile.
“Securia is a very well-run growth company with a strong position in an interesting market niche. The company has shown an impressive development with very strong profitability. Together with the company’s management we now look forward to take the company to the next level. The strategy is to achieve further growth through market expansion and further strengthening of Securia’s position in current markets”, says Jörgen Ekberg, Senior Partner at Litorina Capital Advisors, investment advisor to Litorina Kapital III L.P.
“With Litorina Kapital as a new owner, Securia will have a strong partner that shares our view on the company’s future strategy and that adds expertise and financial strength that can support Securia’s future growth. Together with Litorina Kapital, we are ideally positioned to further capitalize on Securia’s strong position in a growing underlying market and expand to new markets”, says Daniel Elfvendahl, CEO of Securia.
