BRIEF-Securitas Acquires Stanley Security's Electronic Security Businesses In Five Countries

  • Reuters
  • Stock Market News
BRIEF-Securitas Acquires Stanley Security's Electronic Security Businesses In Five Countries
Credit: © Reuters.

Sept 28 (Reuters) - Securitas AB SECUb.ST :

* SECURITAS ACQUIRES STANLEY SECURITY'S ELECTRONIC SECURITY BUSINESSES IN FIVE COUNTRIES

* PURCHASE PRICE IS ESTIMATED TO MUSD 64 (MSEK 563)

* IS ACQUIRING STANLEY SECURITY'S ELECTRONIC SECURITY BUSINESSES IN GERMANY, PORTUGAL, SWITZERLAND, SINGAPORE AND INDIA

* ACQUISITION-RELATED COSTS ARE EXPECTED TO BE MSEK 60, SOME TO BE RECOGNIZED IN 2020 BUT MOSTLY IN 2021

* ACQUISITION IS EXPECTED TO BE EPS ACCRETIVE AS OF 2022

* ACQUISITION WILL REQUIRE CUSTOMARY REGULATORY APPROVALS AND IS EXPECTED TO CLOSE DURING Q4 OF 2020

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