International. On December 8, 2021, Securitas announced that it had signed an agreement to acquire Stanley Black & Decker Inc.'s Electronic Security Solutions ("Stanley Security") business for a purchase price of $3.2 billion without debt or cash.
Regulatory approval processes, which were initially reported to be completed during the first half of 2022, are still ongoing and the transaction is now expected to close during the third quarter of 2022.
"The acquisition of Stanley Security is transformative for both Securitas and the security industry, and we look forward to welcoming Stanley Security and all of its employees to the Securitas Group upon closing the transaction," said Magnus Ahlqvist, President and Chief Executive Officer of Securitas.
"We are excited to welcome STANLEY Security's highly trained colleagues to Securitas. Through this acquisition, we added significant expertise in electronic security and deepened our capabilities in Germany, Switzerland and Portugal, while establishing our first electronic security presence in Singapore and India. This is an important step forward in providing high-quality electronic security services and integrated solutions to our customers in key markets," said Magnus Ahlqvist, President and CEO of Securitas, at the time of the agreement in 2021.
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