Editor, IFSEC Global

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James Moore is the Editor of IFSEC Global, the leading online publication for security and fire news in the industry. James writes, commissions, edits and produces content for IFSEC Global, including articles, breaking news stories and exclusive industry reports. He liaises and speaks with leading industry figures, vendors and associations to ensure security and fire professionals remain abreast of all the latest developments in the sector.
December 10, 2021

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Acquisitions

$3.2 billion acquisition of Stanley Security by Securitas underlines faith in electronic security services market

Securitas, one of the world’s largest security services companies, is set to acquire Stanley Black & Decker’s electronic security business – Stanley Security.

The purchase price is said to be $3.2 billion, making it the company’s largest acquisition to date. Reporting on the sale, Reuters noted that Securitas had been looking to increase its market share of the electronic security services sector for years and reduce its reliance on staff-intensive guarding.

Stanley Security, which is based in the US, specialises in a portfolio of tech-enabled security services, ranging from alarm monitoring to systems integration. It has approximately 7,800 employees worldwide, operating through 200 locations and 16 monitoring centres in countries including the US, Canada, Mexico, the United Kingdom, France and more.

Magnus Ahlqvist, President and CEO of Securitas, commented: “This means that Securitas becomes an exceptional player in the security industry. Together with Stanley Security, our largest acquisition in history, the profile of Securitas changes from a leading guarding company with electronic security and solutions capabilities, to a leading intelligent security solutions partner.

“The future of security is built around the combination of global presence, connected technology and intelligent use of data and, together with Stanley Security, Securitas is perfectly placed to win in this environment. Together, our offering is cutting edge and we will be in an outstanding position to deliver safety and peace of mind to clients and communities around the world.”

“With our combined client proposition and our strong sales structure, we expect to deliver higher, more profitable growth than before. Going forward, 50% of our profit contribution will be generated through high-margin electronic security and solutions sales. This is in addition to the strong profitability focus that we are driving through our transformation programs and active portfolio management, which will also lead to a structurally higher margin profile in Securitas.”

The acquisition is expected to be completed in the first half of 2022.

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