What Viking Security does

Viking Security AS is an Estonian integrated security services provider founded in 1993 and headquartered in Tallinn at Pärnu mnt. 186. The company is a wholly-owned subsidiary of Tallinna Kaubamaja Grupp AS (TKM Grupp), an Estonian retail conglomerate, following the 2014 acquisition of 100% of shares by TKM subsidiary Topsec Turvateenused OÜ. Viking Security offers a platform of physical and technical security services including manned guarding (administrator-security officers, event security, personal protection, temporary guarding, mobile patrols), 24/7 technical alarm and video monitoring through an in-house command centre with patrol vehicles covering Tallinn and surrounding districts, and AJAX wireless alarm systems for residential (Koduvalve) and business (Ärivalve) customers on subscriptions starting at €26/month. Complementary revenue streams include low-voltage security/IT system design and installation, fire safety training and audits, security and first-aid training, cash-in-transit (Rahavedu) operated in partnership with Hansab AS since 2020, and inventory counting services whose proprietary Flowit-developed automation software has captured approximately 90% of the Estonian inventory services market.

The company serves seven customer segments — retail, offices, hotels, industrial/logistics, construction, small businesses, and residential consumers — with anchor retail relationships including Selver, Kaubamaja, Konsum, Prisma, Maksimarket, and Euronics, plus government contracts (Riigi Kinnisvara AS covering 29 sites including the Estonian Patent Office and Maritime Museum) and enterprise customers in banking (Swedbank), pharmaceuticals (Tallinna Farmaatsiatehas), and food manufacturing (Kulinaaria OÜ). Its technology stack integrates third-party hardware and software — Axis Communications cameras, Milestone video management software, Morse Watchmans key management systems — alongside its own Cloud Video Archiving (Pilvevideo) and client monitoring portal at video.vikingsecurity.ee/valve. Growth has been driven by a combination of organic service-line expansion (cash transport, inventory automation), M&A consolidation (Digisilm Videovalve 2015; SKARABEUS and Caesari 2023), and public procurement wins, supported by ISO 9001 and ISO 14001 certifications and consecutive Estonian Ministry of Defence "Defender of the Nation" awards.

Name

Viking Security

Legal name

Viking Security AS

Website

https://vikingsecurity.ee

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

Viking Security AS is an Estonian integrated security services provider founded in 1993 and headquartered in Tallinn, operating as a subsidiary of Tallinna Kaubamaja Grupp AS. It serves retail, government, and residential customers across Estonia with manned guarding, 24/7 alarm and video monitoring, AJAX wireless systems, cash transport, and inventory services.

Ownership category

akta.pro rank

Product category

Commercial Security Services

NAICS

Security Guards and Patrol Services (561612), Armored Car Services (561613), Security Systems Services (56162)

SIC

Services-Detective, Guard & Armored Car Services (7381)

akta.pro primary industry

Static Guarding (Access Control, Reception & Gatehouse) (BPAKAAAA)

akta.pro secondary industries

Security Systems Monitoring & Dispatch (SOC/Remote Guarding) (IMAIAEAF), Secure Transportation & Protective Driving (Armored / Convoy) (BPAKABAH), Executive Protection & VIP Close Protection (THAHALAE)

Keywords

• Manned security services
• Alarm monitoring
• Video surveillance
• Cash transport
• Fire safety services

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Manned Guarding (Mehitatud valve): Physical security officers stationed at client sites. Services include administrator-security officer, event security, personal protection, temporary guarding, and auto patrol services. Recurring service contracts.
2. Technical Alarm & Video Surveillance (Tehniline valve): Remote monitoring of alarm systems, video surveillance, and sensor signals. Services include info transmission, combined services, full services, image-supported, video-supported, and temporary technical guarding. Recurring monitoring fees.
3. Inventory Services (Inventeerimine): Professional inventory counting for warehouses and retail stores using Flowit software and trained staff. Project-based revenue; completed 700+ inventories across Estonia.
4. Cash Transport (Rahavedu): Cash collection, transport and delivery services for banks and commercial clients across Estonia. Partnership with Hansab AS for cash processing technology. Includes armed escort services.
5. Fire Safety Services (Tuleohutus): Fire safety training, evacuation drills, fire safety inspections, documentation, fire safety management services, fire safety audits, and fire extinguisher maintenance.
6. Security Equipment Sales & Installation: Sale, installation, and maintenance of low-voltage systems including alarm systems, video surveillance, access control, and fire alarm systems. Combined with maintenance service contracts.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Viking Security is an Estonian security services company offering integrated manned guarding, technical alarm and video surveillance solutions (using AJAX wireless systems), fire safety services, secure cash-in-transit, and proprietary inventory management (Flowit) services. It also provides security training and alarm system installation for enterprises, government, retail chains, hotels, industrial sites, and residential customers.

Product overview

Viking Security operates as a comprehensive security services company offering a platform of integrated services rather than a single software product. The core offerings include AJAX wireless alarm systems (home and business subscriptions), manned guarding with mobile patrols, and 24/7 technical alarm monitoring via their own control center. These are supplemented by complementary services: low-voltage system design/installation, security and safety training, fire safety services, inventory counting with proprietary automation software, and cash transport. The company also resells/integrates third-party security hardware and software including Axis Communications cameras, Milestone video management software, and Morse Watchmans key management systems. Services are offered to both retail (Jaekaubandus), office (Bürood), hotel (Hotellid), industrial (Tööstus), construction (Ehitus), small business (Väikeärid), and residential (Erakliendid) customer segments. The company is a subsidiary of Tallinna Kaubamaja Grupp AS and employs over 700 people.

Differentiator

Problem solved

Functional benefit

Products and services

• Manned Guarding Provision of trained physical security guards for businesses, public institutions, retail chains, hotels, industrial sites, and events across Estonia.
• AJAX Alarm Systems Wireless intrusion and fire alarm systems based on AJAX technology, sold and installed by Viking Security for homes and small/medium businesses, with monitoring options.
• Video Surveillance Solutions Design, installation, and remote monitoring of CCTV and IP video surveillance systems for commercial and institutional clients.
• Fire Safety Systems and Services Fire alarm systems, fire safety equipment, and related maintenance services for buildings and facilities.
• Cash-in-Transit Service Secure transport of cash and valuables between customer premises and financial institutions, typically using armored vehicles and trained personnel.
• Flowit Inventory Management Service Proprietary inventory counting and stock management service delivered using Viking Security's Flowit software, primarily for retail chains.
• Security Training Training services covering security procedures, alarm system operation, and related topics for corporate and institutional clients.

Quantifiable outcome

• Varguskatsed kaubanduses sagenesid 21% võrra 2025. aastal — Viking Security's data-driven insights help clients respond to rising theft threats.
• +4 more outcomes

Named customers14 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• FlowitcoreTechnology or Integration · 1 December 2024IT company Flowit developed inventory automation software for Viking Security that radically transformed the inventory counting market in Estonia. Thanks to this software, Viking Security captured 90% of the Estonian inventory services market.
• SKARABEUS Julgestusteenistus OÜminorOthers · 1 May 2023Viking Security AS acquired 100% of SKARABEUS Julgestusteenistus OÜ shares as part of TKM Grupp's expansion strategy. SKARABEUS merged into Viking Security AS in December 2023.
• Caesari Turvateenistuse AktsiaseltsminorOthers · 1 May 2023Viking Security AS acquired 100% of Caesari Turvateenistuse Aktsiaselts shares as part of TKM Grupp's expansion. Caesari merged into Viking Security AS in December 2023. Caesari's share capital was €25,564.
• Hansab AScoreStrategic or Co-development Partner · 1 March 2020Partnership with Hansab AS to deliver cash processing and transport services. Hansab handles the technical side of cash processing while Viking Security manages physical cash transport and logistics. This partnership enabled Viking Security to enter the cash transport market, breaking G4S's monopoly since 2015.
• Digisilm Videovalve OÜminorOthers · 1 July 2015Viking Security acquired 100% of Digisilm Videovalve OÜ, which was formed from the split of Digisilm Pro OÜ to house its video surveillance business. The merger was registered in December 2015.
• Eesti Turvaettevõtete Liit (ETEL)coreOthersViking Security is a member of the Estonian Security Companies Association, which coordinates industry standards, certification (ISO), organises industry awards, and represents the sector's interests.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Sector Alarm: Nordic/European home and SME alarm monitoring specialist with growing Baltic footprint. Directly comparable to Viking's AJAX residential/business subscription alarm business.
• Loomis AB: Swedish cash-in-transit specialist with operations across the Nordics and Baltics. Direct peer for Viking's recently-launched Rahavedu service, particularly given Viking's positioning against prior monopolist dynamics.
• ISS A/S (Estonia): Global facility services group with a security services line in Estonia offering integrated guarding, reception and security systems. Direct competitor for multi-service enterprise security contracts.
• G4S Estonia (part of Allied Universal): Largest incumbent security services provider in Estonia covering manned guarding, alarm monitoring and (until 2020) cash-in-transit. Most direct in-country competitor to Viking Security in guarding and the prior monopolist in cash transport.
• Securitas Estonia (Securitas AB): Swedish-headquartered global security firm with direct manned guarding and technology-monitoring operations in Estonia. Competes with Viking across enterprise contracts and public-sector tenders.

Others

• Hansab AS: Estonian cash-handling technology specialist and Viking's partner in the Rahavedu launch (Hansab processes, Viking transports). Adjacent infrastructure participant enabling Viking's cash-transport entry rather than a competing operator.
• Ajax Systems: Ukrainian-origin wireless alarm hardware manufacturer whose AJAX platform Viking resells and integrates into its €26/month home/business subscription offering. Adjacent ecosystem participant rather than a direct security-services competitor.

Broad incumbents

• Verisure: Largest European monitored-alarm provider with broad geographic coverage. Comparable to Viking's residential/business alarm and monitoring subscription offering, albeit at much greater scale.
• Brink's: Global cash management, secure logistics and ATM services company. Comparable to Viking's cash transport and valuables-in-transit offering as an international benchmark.
• Prosegur: Spanish multinational security and cash-logistics group. Comparable to Viking in cash transport and integrated guarding; relevant as a strategic acquirer-type benchmark in the cash-in-transit segment Viking just entered.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/viking.sec.as
• Instagraminstagram.com/viking_security_as

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Viking Security