SecurityWorldMarket

20/06/2018

Securitas completes acquisition of Kratos Public Safety & Security Division

Stockholm, Sweden

Regulatory authorities have approved Securitas’ acquisition of the division Kratos Public Safety and Security from Kratos Defense & Security Solutions, Inc.

As reported by Securityworldmarket.com at the beginning of March, Securitas has agreed to acquire Kratos Public Safety and Security (KPSS), a top 10 system integrator in the United States. The purchase price is approximately MSEK 600 (MUSD 69) on a cash and debt-free basis. The acquisition is expected to be neutral to Securitas earnings per share in 2018 and 2019, and accretive as of 2020. The operation has annual sales of approximately MSEK 1 175 (MUSD 135) and includes 400 employees.

KPSS, which is to be combined with Securitas Electronic Security, Inc., aligns well with Securitas Electronic Security’s current operations and strategic focus. The acquisition will expand Securitas’ electronic security platform in the United States by strengthening field operation capabilities and adding local branch infrastructure with highly skilled employees. It supports Securitas’ strategy of providing protective services across the entire Securitas North American customer base, and brings increased value to customers.

“This acquisition supports Securitas´ global strategy and strengthens our position as the global knowledge leader in protective services,” says Alf Göransson, President and CEO Securitas AB.

“The market dynamics in the United States are strong and Securitas is growing faster than the US security market. The marketplace is rewarding Securitas´ focus on offering a complete range of protective services that includes on-site, mobile and remote guarding, electronic security, fire and safety, and corporate risk management. This acquisition will further strengthen our position as the leader in protective services in the United States,” says Santiago Galaz, Divisional President Securitas Security Services North America.


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