Securitas acquires monitoring and integration firm in the U.S.
December 16, 2020 By SP&T Staff
Securitas Wednesday announced it has acquired FE Moran Security Solutions, an alarm monitoring and systems integration company in the U.S. for approximately US$82M.
FE Moran Security Solutions was founded in 2003 and focuses on commercial security clients in the Midwest region, as well as serving national clients. The company’s portfolio includes intrusion, video, fire and access control systems, as well as a UL-listed, TMA Five Diamond certified alarm monitoring centre.
“This acquisition supports Securitas’ strategy, strengthens our position as a leader in protective services and our ambition to double the size of our security solutions and electronic security business by 2023. This acquisition complements our North American electronic security business model and will further strengthen our position as the leader in protective services,” said Magnus Ahlqvist, President and CEO, Securitas AB, in a statement.
FE Moran Security Solutions will become part of Securitas Electronic Security, Inc. (SES).
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