We are focusing on sustainability:
- Securitas enters into an agreement to acquire the Electronic Security Solutions business from Stanley Black & Decker Inc. (“Stanley Security”) for a cash purchase price of MUSD 3 200 on a debt and cash free basis, representing a multiple of approximately 13x Stanley Security’s estimated adjusted EBITDA[1] 2021 including cost synergies of approximately MUSD 50, before commercial synergies and strategic benefits
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- Stanley Security is a highly reputable provider of electronic security solutions with operations in 12 markets globally, expected to generate sales of nearly MUSD 1 700 in 2021, of which around 40% is recurring revenue
- 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 with an outstanding offering and client experience
- Significant commercial synergy opportunities with over 500 000 existing as well as new clients, adds significant scale and innovation potential in the attractive BUSD 70 electronic security market, and creates a leading platform to accelerate growth
- Expected to be immediately operating margin accretive to the Group on completion, create compelling cost synergy opportunities, deliver accretion in earnings per share[2] in the first full year post completion and lead to substantial operating margin improvement over time
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