Securitas to acquire Stanley’s electronic security business for US$3.2B
Securitas announced this week an agreement to purchase Stanley Black & Decker’s Electronic Security Solutions business for US$3.2 billion.
Stanley Security is based in Indianapolis with a products and services portfolio including alarm monitoring, systems integration and health-care offerings. The company employs approximately 7,800 people with about 200 offices as well as 16 monitoring centres across Canada, the U.S., Mexico, United Kingdom, France, Sweden, Belgium, the Netherlands, Denmark, Finland, Norway and Ireland.
“This means that Securitas becomes an exceptional player in the security industry,” said Magnus Ahlqvist, president and CEO, Securitas, in a company press release. “Together with Stanley Security, our largest acquisition in history, the profile of Securitas changes from a leading guarding company with electronic security and solutions capabilities, to a leading intelligent security solutions partner. The future of security is built around the combination of global presence, connected technology and intelligent use of data and, together with Stanley Security, Securitas is perfectly placed to win in this environment. Together, our offering is cutting edge and we will be in an outstanding position to deliver safety and peace of mind to clients and communities around the world.”
“We are very excited to bring together these two iconic security companies, each with a rich history, a culture of success and with the client at the heart. We look forward to welcoming our new colleagues. The expanded competencies, expertise and leadership across the entire electronic security value chain globally, will serve our respective clients even better and significantly increase our competitive edge,” said Tony Byerly, president, Global Electronic Security. Byerly’s appointment to president of Securitas’ global electronic security business was announced in November.
According to a statement, Stanley’s security business was expected to generate global sales of nearly US$1.7B in 2021. The acquisition is expected to close in the first half of 2022 pending approvals and closing conditions.