Securitas Acquires STANLEY Security's Electronic Security Businesses in Five Countries
Securitas announced Monday it is acquiring STANLEY Security's electronic security businesses in Germany, Portugal, Switzerland, Singapore and India. The acquisition is aligned with Securitas' hope to double the size of its security solutions & electronic security business and expands Securitas' electronic security footprint and capabilities. The purchase price is estimated at $64 million.
The entities to be acquired provide an integrated electronic security offering to their clients, from design to installation and from maintenance to alarm monitoring - based on a complete portfolio of advanced security solutions such as access control, intrusion, video, fire and integrated systems. The business has approximately 580 employees in five countries through 20 branch offices out of which 11 are located in Germany.