Tempest Security AB
SSTO:TSEC10.70
SEK
-0.40
(-3.60%)
Tempest Security AB
STO:TSEC
(Nasdaq Stockholm)
Recent
price
10.70
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Tempest Security AB (publ) is a Sweden-based security company specializing in comprehensive security services worldwide. The company operates primarily in two segments: Security Solutions and Risk Solutions. Its core products and services include traditional security guarding; executive protection and personnel security; alarm and CCTV surveillance; ground transportation services; security operation center (SOC) services provided as managed services; consulting; security training; investigations; background checks; and customized security technology solutions involving alarms, access control, and camera surveillance systems. Tempest combines security personnel with advanced technology, including AI solutions, to deliver bespoke integrated security risk management tailored to client needs across various industries such as industrial, office, real estate, government, and municipal sectors. Founded in 2004 and headquartered in Stockholm, Sweden, Tempest Security has undergone significant growth both organically and through acquisitions, evolving from primarily Stockholm-based guarding operations to offering a broad suite of security services across Sweden and internationally. In recent years, the company has expanded its geographic footprint, notably establishing its own commercial and operational presence in the United States in 2021 to meet growing client demands and capitalize on market opportunities. This U.S. expansion includes recruitment of key industry executives and formation of Tempest Security, Inc., positioning the U.S. as a strategic growth market for the company. Additionally, Tempest has secured substantial new contracts in 2023-2024 worth tens of millions of Swedish kronor annually, including critical societal operations customers, driving robust revenue growth and margin expansion. The company continues to focus on broadening its product and service portfolio with emphasis on digital and scalable solutions, reflecting a strategic shift towards higher value-added security services amidst increased global demand driven by geopolitical and security challenges. Tempest Security is recognized as one of Sweden's five largest providers of security services and is listed on Nasdaq First North Premier Growth Market. Its global operations span over 50 countries, handling significant case volumes through its Security Operation Centers. The company targets corporate, governmental, and institutional customers, delivering tailored security solutions that integrate staffing, technology, and operational procedures to ensure safety and business continuity worldwide. The combination of traditional manned guarding and advanced technological services positions Tempest as a comprehensive security partner in the dynamic global market.