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Securitas in a multi-billion dollar deal – acquires $3.2 billion in operations

Stanley Security operates in 12 markets and is expected to generate sales of approximately $1.7 trillion in 2021, of which approximately 40 percent will be recurring revenue. The head office is located in the United States and the number of employees is about 7,800.

The acquisition is expected to increase the Group’s operating margin upon completion, create significant cost synergies and achieve improved earnings per share during the first full year after completion and result in an ‘overall’ improvement in operating margin over time.

The acquisition is being funded entirely by a bridge facility and a $915 million rights issue, which is scheduled to be decided upon upon completion. In total, the existing shareholders have made pledges, declarations of intent and guarantees to subscribe to 44.6 per cent of the rights issue.

The acquisition is expected to be completed during the first half of 2022 and is subject to customary regulatory approvals and terms of completion.

“The acquisition is a major step towards achieving Securitas’ ambition to double sales of electronic security and protection solutions by a higher margin by 2023,” Securitas wrote.

Acquisition-related costs will be approximately $135 million, with the majority expected to be reported in 2022 and 2023.

Securitas organizes a conference call at 10.30 on Wednesdays.

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