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Global security services company, Securitas, has accelerated its transition toward technology-based solutions following its acquisition of STANLEY Security and Healthcare.
On 8 December 2021, Securitas announced it had signed an agreement to acquire the Electronic Security Solutions business from Stanley Black & Decker Inc. (STANLEY Security). Following customary regulatory approvals, the acquisition is now complete.
Securitas holds a strong position within the security services market and has continuously built a robust platform within the technology and solutions area to meet the increasing demand for smarter, innovative, technology-based security solutions.
Strategic acquisitions in recent years, combined with efficient business transformation programmes and the acquisition of STANLEY Security, enables the company’s ambition to emerge as an exceptional player in the security industry, says Securitas.
The core of Securitas’ value proposition and growth strategy is a strong belief that the “future of security is built on global presence, connected technology and intelligent use of data”. Securitas adds that by “offering and combining these three assets with a holistic approach across the whole security services value chain, it can position itself as an outstanding partner for its clients across the globe”.
STANLEY Security has a 30-year history of protecting its clients worldwide through a portfolio of tech-enabled security services. The company is trusted by customers across the globe for its innovative SaaS technology, seamless installation and integration, reliable maintenance, 24/7 monitoring and insightful analytics. Today, STANLEY Security is recognised as a leading provider of tech-enabled security services, with approximately 8,000 employees, and 200 locations, including 16 monitoring centres, in the US, Canada, Mexico, France, Sweden, Belgium, the Netherlands, Denmark, Finland, Norway, Ireland and the UK.
Joining forces with STANLEY Security enables Securitas to accelerate growth and build a strong innovation pipeline geared toward the advanced security needs of the future. With over 500,000 existing, as well as new clients, the company anticipates significant commercial opportunities.
Approximately 50 per cent of Securitas profit contribution is expected to be generated through higher-margin technology and solutions sale.
Magnus Ahlqvist, President and CEO of Securitas, commented: “We see an increasing client demand to complement our guarding and consulting offering with technology-based solutions. As global challenges evolve rapidly, safety and security solutions are essential to helping organisations protect their people, safeguard their assets and optimise their operations.
“Together with STANLEY Security and Healthcare, we are able to drive and redefine the future of the security industry by providing a broad portfolio of integrated tech-enabled solutions that help our clients focus on managing their core business.”
Shaun Kennedy, Country President, Securitas UK, added: “We are extremely excited to unite with STANLEY Security in the UK and combine the skills and expertise of our industry-leading technology teams. Whether it’s a small local business enterprise or a large-scale multi-national corporate, organisations of today require advanced safety and security solutions to power their progress. Coming together with STANLEY Security enables us to further expand our footprint and use our combined capabilities to better serve these organisations today and in the future.”
The combined business will be called Securitas Technology.
