Securitas is acquiring STANLEY Security's electronic security businesses in
The entities to be acquired provide an integrated electronic security offering to their clients - from design to installation and from maintenance to alarm monitoring - based on a complete portfolio of advanced security solutions such as access control, intrusion, video, fire and integrated systems. The business has approximately 580 highly skilled employees operating in five countries through 20 branch offices out of which 11 are located in
The business also has two alarm monitoring centers, one in
"We are very excited to welcome the electronic security specialists from STANLEY Security to Securitas. Through this acquisition, we add significant electronic security expertise and deepen our capabilities in
The acquisition-related costs are expected to be MSEK 60, some to be recognized in 2020 but mostly in 2021. The acquisition is expected to be EPS accretive as of 2022. The acquisition will require customary regulatory approvals and is expected to close during the fourth quarter of 2020.
This press release is available at www.securitas.com
Information:
https://news.cision.com/securitas/r/securitas-acquires-stanley-security-s-electronic-security-businesses-in-five-countries,c3204245
https://mb.cision.com/Main/1062/3204245/1311791.pdf
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