Securitas has announced that it has been granted the required regulatory approvals for the acquisition of Stanley Security which was announced on December 8, 2021. The transaction is expected to be completed around July 22, 2022.
In December 2021 Securitas announced it had signed an agreement to acquire the Electronic Security Solutions business from Stanley Black & Decker Inc. (Stanley Security) for a purchase price of MUSD 3 200 on a debt and cash free basis.
“The acquisition of Stanley Security is transformational for both Securitas and the security industry, and we look forward to welcoming Stanley Security and all of its employees into the Securitas Group upon closing the transaction,” says Magnus Ahlqvist, President and CEO of Securitas.
UPDATE: (22/7/22) The acquisition of Stanley Security is now completed and is consolidated into Securitas. Securitas will present the strategy of the new Group as well as new financial targets on August 24, 2022.
