Stanley Black & Decker, New Britain, Conn., parent company of Stanley Convergent Security Solutions, finalized its acquisition of Niscayah, Stockholm, Sweden. Following the completion of the acquisition on Sept. 9, 2011, Stanley and Niscayah’s leadership began work on assimilating Niscayah’s security business, which included residential customers and commercial markets including banks, retail, gas stations, utilities, transport and lodging and public sector companies to which it provides integrated security solutions, video surveillance and access control systems, fire and security systems and monitoring services.
“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 Lundgren, president and chief executive officer of Stanley Black & Decker, in a press release. “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.”