Mainland Europe consists of the European market except for the UK and Ireland. Within Mainland Europe, Niscayah's customers are principally within banks and financial institutions, retail, industry, transport and logistics.

Background

Niscayah commenced operations in the market in 2001. The margin then was approximately 6 percent. Niscayah succeeded during the following years, in gaining market share and strengthening its position in the countries where the Company operates. This was achieved by refining and developing the business model.

The market is still largely fragmented and few players have the capability of coordinating installation and service across the whole of Europe. Niscayah's market share is currently approximately 4 percent. Niscayah continuously works on refining its offering to customers with high security demands which leads to continual development of the business model.

Focus 2008

• Continued growth and profitability.
• Increased focus on service development.
• Strengthen the service organization.
• Develop a uniform service offering.
• Complementary acquisitions
  
  

Significant events 2007

• Increased organic growth.
• Acquisition within prioritized customer segments.
• Integration of CIS SpA and Larmassistans Teknik.
  
  

Significant events 2006

• Acquisition of Elmaco in Belgium, a leader in fire installations for industry and governmental institutions.
• Acquisition of NOR Security AS in Norway which strengthens Niscayah's market position in Norway as a supplier of integrated solutions to customers with high security needs for the police and legal system and the industry.
• Acquisition of CIS SpA in Italy means that Niscayah establishes itself in the Italian security market within the banking sector. The agreement to acquire 75 percent of the shares in the company was signed at the end of December with take over due in April 2007.
• Acquisition of Larmassistans Teknik AB in Sweden strengthens Niscayah's position within electronic security systems for the public sector and commercial real estate. The agreement to acquire the company was signed in December and the company was taken over in February 2007.
• New contracts within the logistics, telecommunications, energy, biotechnology and automotive sectors.
• Organic growth increase.