Stanley Closes $1.2B Niscayah Acquisition; Will Grow Globally
UPDATED - Stanley Convergent Security Solutions (Stanley CSS), Naperville, Ill., announced the completion of its parent company’s (Stanley Black & Decker) acquisition of Niscayah, Stockholm, Sweden. Following the completion of the acquisition on Sep. 9, Stanley and Niscayah’s leadership will develop the best structure going forward in order to maintain the company’s commitment to being the industry’s gold standard, the company said.
“The completion of our acquisition of Niscayah is an important step in both the ongoing expansion of one of our key growth platforms — Convergent Security Solutions (CSS) — and the diversification of the company’s operations and international presence,” said John F. Lundgren, president and chief executive officer of Stanley black & Decker. “The addition of Niscayah to CSS enhances our ability to serve our customers by giving us expanded product offerings and a wider geographic footprint in the highly attractive commercial security sector. We are pleased to have completed this transaction, which we expect to result in substantial synergies and be meaningfully accretive, and now look forward to proceeding with the integration process.”