Securitas Finalizes Stanley Security Acquisition

Security services firm Securitas AB has completed its acquisition of the electronic security solutions business, Stanley Security, from Stanley Black & Decker Inc. The company says the acquisition is expected to create compelling sales growth with more than 500,000 customers. The purchase was part of Securitas’ strategic transition towards technology-based solutions by strengthening its technology and expertise in key markets. The combined business will be called Securitas Technology.