Securitas completed the acquisition of the security business of Stanley Black & Decker for $3.2bn.

Securitas, a security services, monitoring, consulting and investigation group, completed the acquisition of the security business of Stanley Black & Decker, a manufacturer of hand and power tools, for $3.2bn. "This transformational acquisition makes us a strong provider of tech-enabled security solutions and a leading partner to our clients on a global scale. With our combined client proposition and our strong sales structure, we expect to deliver higher, more profitable growth than before. Going forward, approximately 50% of our profit contribution will be generated through high-margin technology and solutions sales. We are extremely pleased that the acquisition now is formally completed, and I want to welcome all of Stanley Security's clients and employees into the Securitas Group," Magnus Ahlqvist, Securitas President and CEO.