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General

Telefonica to acquire 50% of Prosegur's alarm business in Spain

Wednesday 18 September 2019 | 09:16 CET | News
The companies said the aim of the deal is to accelerate the development of the fast-growing alarm and connected home sector in Spain and develop innovative residential and business security services. Under the terms of the transaction, which remains subject to approval by the relevant authorities, the partners have also agreed to explore opportunities for collaboration between their Venture Capital units, Prosegur Tech Ventures and Telefonica Open Future.

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Categories: General
Companies: Telefonica
Countries: Spain
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