Kratos Acquires Mystery Security & Public Safety Business for $20 Million
Kratos Defense & Security Solutions Inc., San Diego, a national security solutions provider, announced that it acquired selected assets of an unnamed critical infrastructure security and public safety system integration business from a large international public company. Speculation around the industry points to Ingersoll Rand Security Technologies, but neither company confirmed the rumors. A source at Ingersoll Rand said, “the integration business within Ingersoll Rand...was recently sold and is no longer a part of IR.” Last year that business ranked as No. 12 on SDM’s Top Systems Integrators Report.
Kratos did note the acquired business is one of its Public Safety & Security (PSS) business unit’s primary competitors across the United States. Similar to Kratos’ PSS business, the acquired business designs, engineers, deploys, manages and maintains specialty security systems at some of the United States’ most strategic asset and critical infrastructure locations. Approximately 15 percent of the acquired business’ revenues are recurring in nature due to the operation, maintenance or sustainment of the security systems once deployed.