The value of the day in Paris Bluelinea: imminent finalization of the acquisition of Securitas Téléassistance, the title jumps

(AOF) – The specialist in the “silver economy” Bluelinea jumped 13.21% to 3.17 euros per share, while the finalization of the acquisition of Securitas Téléassistance will take place tomorrow at midnight. A promising acquisition which will allow it to climb into the top 5 of the French tele-assistance market and will contribute to the achievement of a positive EBITDA at the end of 2022. On a French tele-assistance market estimated at nearly 90 million euros by year for more than 700,000 subscribers supported, Bluelinea will end the year 2021 with a market share of more than 7%.

Securitas Téléassistance is an approved personal services company that monitors the safety of elderly, isolated or vulnerable people every day, remotely, whether at their homes or in assisted living facilities for Seniors. The company now supports 12,309 subscribers and their families.

With a team of 21 employees, Securitas Téléassistance achieved a turnover of 2.1 million euros and a normative EBITDA of 0.5 million euros in 2020.

This acquisition, the amount of which remains confidential, is self-financed with a payment schedule for 2021 and 2022 compatible with the company’s forecast cash flows. The first payment was made yesterday and was covered by the proceeds from the sale, on November 19, of 120,000 Bluelinea treasury shares in order not to impact the cash flow allocated to the activity.

In order to optimize the integration of the Securitas Tele-Assistance teams, Bluelinea has implemented a plan to optimize its organization and its costs, the objective of which is to generate recurring savings in operating costs of 1.4 million. euros for a full year from 2022.

“No additional investment is therefore to be expected to accompany this change of scale”, specifies Bluelinea.

When announcing this acquisition at the end of November, Laurent Levasseur, Chairman of the Management Board of Blueline, declared: “This acquisition will give Bluelinea a new dimension and will strengthen our credibility with clients, especially local communities. . In particular, we will be able to respond to calls for tenders, thanks to the know-how from Securitas France “.