Securitas announced July 22 that its acquisition of Stanley Security and Healthcare is now complete. The combined business will be called Securitas Technology.
“We see an increasing client demand to complement our guarding and consulting offering with technology-based solutions. As global challenges evolve rapidly, safety and security solutions are essential to helping organizations protect their people, safeguard their assets and optimize their operations. Together with Stanley Security and Healthcare, we are able to drive and redefine the future of the security industry by providing a broad portfolio of integrated tech-enabled solutions that help our clients focus on managing their core business,” said Magnus Ahlqvist, president and CEO, Securitas, in a statement.
Stanley Security is headquartered in Indianapolis, providing SaaS technology, installation and integration, maintenance, 24/7 monitoring, and analytics. The company employs approximately 8,000 people globally across 200 locations and 16 monitoring centers in Canada, the U.S., Mexico, United Kingdom, France, Sweden, Belgium, the Netherlands, Denmark, Finland, Norway and Ireland.
Securitas said that, going forward, approximately 50 per cent of the company’s profit contribution is expected to be generated through higher-margin technology and solutions sales.
“Our combined offerings and global footprint enable us to solidify our expertise in technology and unlock opportunities for innovative solutions. Together, we will provide a comprehensive portfolio, enabling us to develop strong client relationships and deliver more value to clients through an even higher degree of innovation and technology, while strengthening our core capabilities, competencies and geographical reach,” said Tony Byerly, global president, Securitas Technology (formerly Securitas Electronic Security).
The Securitas/Stanley acquisition agreement was first announced on Dec. 8, 2021.
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