Approval of acquisition of joint control over Prosegur Alarmas by Teléfonica and PCS
Relevant to the security and telecommunications markets, the European Commission has approved the acquisition of joint control over Prosegur Alarmas, a Spanish company active in the provision of alarms installation services and connection to reception centres in Spain.
The acquiring companies are Telefónica S.A., a Spanish global telecommunications operator and mobile network provider, and the acquiree’s Spanish parent company, Prosegur Compañía de Seguridad, S.A, which provides security services to companies, homes and businesses.
The acquiring companies have been given unconditional approval, under the EU Merger Regulation, to proceed with the acquisition. The Commission’s investigation found a number of examples of allia