Securitas acquires business from Stanley Black & Decker
Securitas AB (publ) has acquired the Electronic Security Solutions business (Stanley Security) from Stanley Black & Decker, Inc. for a cash purchase price of USD 3.2 billion on a debt and cash free basis.
Stanley Security is a highly reputable provider of electronic security solutions with operations in 12 markets globally.
Securitas’ strategy is to deliver comprehensive, scalable, and innovative security solutions to meet its clients’ increasingly complex security needs. Stanley Security’s complementary offering of industry-leading tech-enabled security, together with complementary geographical coverage, is in alignment with this ambition. The acquisition is a significant step towards Securitas achieving its ambition of doubling sales from higher margin security solutions and electronic security by 2023.
The acquisition is subject to customary regulatory approvals and closing conditions.
Mannheimer Swartling is advising Securitas as to Swedish law in connection with the transaction.