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Securitas completed the acquisition of FE Moran Security Solutions for $82m.

Synopsis

Securitas, a security company, completed the acquisition of FE Moran Security Solutions, an alarm monitoring and electronic security systems integration company, for $82m. "This acquisition supports Securitas' strategy, strengthens our position as a leader in protective services and our ambition to double the size of our security solutions and electronic security business by 2023. This acquisition complements our North American electronic security business model and will further strengthen our position as the leader in protective services," Magnus Ahlqvist, Securitas President and CEO.

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