Securitas Plans Acquisition of STANLEY Security Business in Five Countries
Company’s goal of doubling the size of its security solutions and electronic security business well underway
Securitas has announced it is acquiring STANLEY Security’s electronic security businesses in Germany, Portugal, Switzerland, Singapore, and India for an estimated $64 million.
Securitas officials said the acquisition aligns with its internal ambition to double the size of its security solutions and electronic security business while also expanding the footprint and capabilities of its systems integration arm.
STANLEY’s electronic security business in these countries employs approximately 580 workers that operate out of 20 branch offices, 11 of which are located in Germany. The business also has two alarm monitoring centers, one in Germany and one in Portugal. Total sales of the in-scope business totaled $85 million in 2019, mainly driven from installation sales, recurring monthly revenue and maintenance services.
"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 Germany, Switzerland and Portugal, while also establishing our first electronic security presence in Singapore and India,” said Magnus Ahlqvist, Securitas president and CEO, “This is an important step forward to deliver high-quality electronic security services to our clients in key markets."
The deal is expected to close during the fourth quarter of 2020 pending customary regulatory approvals.