Scienza e Tecnologia
Securitas acquires STANLEY Security's electronic security businesses in five countries
The business also has two alarm monitoring centers, one in Germany and one in Portugal . Total sales of the in-scope business amounted to MUSD 85 (MSEK 748) 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 . This is an important step forward to deliver high-quality electronic security services to our clients in key markets," says Magnus Ahlqvist , Securitas President and CEO.
The acquisition-related costs are expected to be MSEK 60, some to be recognized in 2020 but mostly in 2021. The acquisition is expected to be EPS accretive as of 2022. The acquisition will require customary regulatory approvals and is expected to close during the fourth quarter of 2020.
This press release is available at www.securitas.com
Information:
Micaela Sjökvist
Head of IR, Securitas AB
mobile +46-76-116-7443 or email micaela.sjokvist@securitas.com
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https://news.cision.com/securitas/r/securitas-acquires-stanley-security-s-electronic-security-businesses-in-five-countries,c3204245
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