Securitas
Securitas Announces New Financial Targets and Stanley Security Update
Following the acquisition of STANLEY Security, that was completed and consolidated into Securitas as of July 22, 2022, the Group has defined new financial targets of 8-10 percent technology & solutions annual average real sales growth, 8 percent Group operating margin by year-end 2025 and a net debt to EBITDA ratio below 3.0x. Securitas will present the strategy and roadmap for the new targets, as well as a trading update for STANLEY Security, at an investor update today at 2.00 p.m. CEST.
Securitas To Acquire Stanley Security For $3.2B
Stannley Black & Decker today announced it has signed a definitive agreement for the sale of most of its Security assets to Securitas AB for $3.2 billion in cash. The proposed transaction includes Stanley Black& Decker’s Commercial Electronic and Healthcare Security business lines. The businesses carry 2021 forecasted revenues of approximately $1.7 billion with an adjusted EBITDA margin in the low double-digits.
Securitas Acquires Supreme Security Systems in the US
Securitas is acquiring Supreme Security Systems, a top 50 alarm monitoring company in the US. The acquisition increases Securitas’ service capabilities and client offerings in the northeast US and aligns with Securitas’ ambition to double the size of its security solutions and electronic security business by 2023. The purchase price is approximately MUSD 20 (MSEK 180). The acquisition will be accretive to the Group operating margin through its resilient recurring monthly revenue (RMR) portfolio representing more than 70 percent of the revenue.
Securitas Acquires Leading Electronic Security Company in Germany
Securitas has agreed to acquire Protection One. The acquisition will enhance Securitas’ protective services capabilities in Germany and is in line with the Group’s strategy of doubling its security solutions and electronic security sales by 2023. The purchase price is approximately MEUR 72 (MSEK 735) on a debt-free basis. In 2020, Protection One’s annual sales were more than MEUR 33 (MSEK 337), of which over 90 percent were on a recurring monthly revenue basis.
Securitas’ Board of Directors has Resolved to Purchase Own Shares
The Board of Directors of Securitas AB has resolved, pursuant to the authorization granted by the Annual General Meeting held on May 5, 2021, that the company shall acquire own shares of series B on Nasdaq Stockholm. The purpose of the acquisition is to ensure Securitas’ undertakings in respect of share-related or share-based incentive programs (other than delivery of shares to participants of incentive programs), including covering social security costs. The acquisition may commence on June 4, 2021.
Securitas Publishes Annual and Sustainability Report for 2020
Securitas has published The Annual and Sustainability Report 2020 which is now available and can be read and downloaded at Securitas website. There is also a digital and interactive brief version of the Annual and Sustainability Report available. The printed version of the Annual and Sustainability Report 2020 can as of April 9, be ordered from Securitas ordering service on their website.