Tallinna Kaubamaja Grupp AS will expand its field of security services07.07.2015
Today, on 8 July 2015, Viking Security AS, subsidiary of Tallinna Kaubamaja Grupp AS, concluded an agreement, acquiring 100% of shares of Digisilm Videovalve OÜ. Digisilm Videovalve OÜ was established on 6 July 2015 through division of Digisilm Pro OÜ, whereby the video surveillance business was allocated to Digisilm Videovalve OÜ.
Share capital of Digisilm Videovalve OÜ amounts to 2,500 euros, consisting of one share. The parties will not disclose the transaction cost.
Acquisition of the holding of Digisilm Videovalve OÜ enables Tallinna Kaubamaja Grupp AS to strengthen its field of security services further, which has been one of the fastest expanding business ventures of the group over the last few years. Through this transaction, Viking Security AS will enhance its services related to the design, installation and maintenance of electronic alert, surveillance and monitoring systems. In addition, the service portfolio of Viking Security AS will continue to include manned and video surveillance, and the option of participating in certified security procurements.
The transaction is not deemed an acquisition of a qualifying holding or a transaction with a related party as defined in the Requirements for Issuers section of the NASDAQ OMX Tallinn Rules and Regulations and will not have a significant impact on the activity of Tallinna Kaubamaja AS. The members of the supervisory board and the management board of Tallinna Kaubamaja AS are not personally interested in transaction in any other way.