Stanley Black & Decker Inc., New Britain, Conn., and Niscayah, Stockholm, Sweden, a global provider and integrator of security solutions, both announced today that Stanley has made an offer to acquire the Swedish company. The bid represents a premium of approximately 23.8 percent over a previous bid made by Securitas, Stockholm, Sweden, on May 16, 2011.
The Niscayah business was a division of Securitas under the name Securitas Systems until 2008, when it was spun off and renamed. According to a Bloomberg report, Soeren Lontoft Hansen, an analyst with Sydbank A/S in Aabenraa, Denmark, noted there may be a counter-offer from Securitas as, “Niscayah is very good at IT security systems that Securitas is dependent on, and Securitas is Niscayah’s largest customer.”