SCTBF - Securitas acquires STANLEY security's electronic security businesses in five countries for ~$64M

Securitas ([[SCTBF]]) announces the acquisition of STANLEY Security's electronic security businesses in Germany, Portugal, Switzerland, Singapore and India, for purchase price of ~$64M (SEK 563M).This acquisition is aligned with Securitas' ambition to double the size of its security solutions & electronic security business and expands Securitas' electronic security footprint and capabilities.The business also has two alarm monitoring centers, one in Germany and one in Portugal. Total sales of the in-scope business amounted to $85M (SEK 748M) in 2019.The acquisition-related costs are expected to be SEK 60M and is expected to be EPS accretive as of 2022. Expected to close during 4Q20.

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Securitas acquires STANLEY security's electronic security businesses in five countries for ~$64M