Stanley Black & Decker - Experts & Thought Leaders

Recently, Securitas announced it had signed an agreement to acquire the Electronic Security Solutions business from Stanley Black & Decker Inc. Following customary regulatory approvals, the acquisition is complete, and the joint potential of the two businesses is unleashed. Securitas holds a strong position within the security services market and has continuously built a robust platform within the technology and solutions area to meet the increasing demand for smarter, innovative, technology-based security solutions. Security services solutions  Strategic acquisitions in recent years, combined with efficient business transformation programmes and the acquisition of STANLEY Security, enable Securitas’ ambition to emerge as an exceptional player in the security industry. The core of Securitas’ is built on global presence, connected technology, and intelligent use of data The core of Securitas’ value proposition and growth strategy is a strong belief that the future of security is built on global presence, connected technology, and intelligent use of data. By offering and combining these three assets with a holistic approach across the whole security services value chain, Securitas can position itself as an outstanding partner for its clients across the globe. Integrated tech-enabled solutions “We see an increasing client demand to complement our guarding and consulting offering with technology-based solutions. As global challenges evolve rapidly, safety and security solutions are essential to helping organisations protect their people, safeguard their assets and optimise their operations,” says Magnus Ahlqvist, President, and CEO. "Together with STANLEY Security and Healthcare, we are able to drive and redefine the future of the security industry​ by providing a broad portfolio of integrated tech-enabled solutions that help our clients focus on managing their core business." STANLEY Security STANLEY Security is trusted for its innovative SaaS technology, seamless installation, and integration STANLEY Security has an inspiring 30-year history of protecting its clients worldwide through a portfolio of tech-enabled security services. The company is trusted by customers across the globe for its innovative SaaS technology, seamless installation and integration, reliable maintenance, 24/7 monitoring, and insightful analytics. STANLEY Security is recognised as a provider of tech-enabled security services, with approximately 8000 employees, and 200 locations, including 16 monitoring centres, in the U.S., Canada, Mexico, France, Sweden, Belgium, the Netherlands, Denmark, Finland, Norway, Ireland, and the United Kingdom. Smarter security services Securitas is on the path to achieving its ambition of becoming a stronger business partner that provides holistic and integrated solutions with outstanding quality and value to its clients. To achieve this, technology is key and enables smarter security services and innovative solutions, from on-site services to advanced monitoring, comprehensive risk prediction, and advisory services. Joining forces with STANLEY Security enables Securitas to accelerate growth and build a strong innovation pipeline geared toward the advanced security needs of the future. With over 500 000 existing, as well as new clients, Securitas anticipate significant commercial opportunities. Sustainability  Our high sustainability ambitions enable us to utilise our potential to provide tech-enabled security solutions" “Bringing together our two great companies is an industry-defining event and going forward approximately 50% of our profit contribution is expected to be generated through higher-margin technology and solutions sales." "Combining our talent and expertise sets us up for stronger growth and gives us great confidence for the future. Our shared values and high sustainability ambitions enable us to utilise our potential to provide tech-enabled security solutions that create long-term value for our clients, our shareholders, and the society at large,” concludes Magnus Ahlqvist. Advanced safety and security solutions Shaun Kennedy, Country President, Securitas UK, agrees. "We are extremely excited to unite with STANLEY Security in the UK and combine the skills and expertise of our industry-leading technology teams."  "Whether it’s a small local business enterprise or a large-scale multi-national corporate, organisations of today require advanced safety and security solutions to power their progress. Coming together with STANLEY Security enables us to further expand our footprint and use our combined capabilities to better serve these organisations today and in the future."

Allegion plc, a security products and solutions provider has, through its subsidiaries, completed the previously announced acquisition of Stanley Access Technologies LLC (“Access Technologies”) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $900 million in cash. Access Technologies is a manufacturer, installer and service provider of automatic doors in North America, primarily in the United States and Canada. Its diversified customer base centres on non-residential settings, including retail, healthcare, education, commercial offices, hospitality and government. Access Technologies generated approximately $340 million in net sales in 2021. Authority comment  “This acquisition bolsters Allegion’s seamless access strategy with a category market leader while growing the Allegion Americas core business through adjacent automatic entrance products and installation and maintenance services,” said David D. Petratis, Allegion chairman, president and CEO. “In addition, the Allegion team is proud to welcome Access Technologies’ dedicated employees, who bring immense talent and expertise in safety, security and service.” Allegion announced its intent to purchase the Access Technologies business on April 22, 2022. 

The acquisition of Stanley Security is conditional upon regulatory approval and customary closing conditions and is now expected to close during the third quarter of 2022. On December 8, 2021, Securitas announced it had signed an agreement to acquire the Electronic Security Solutions business from Stanley Black & Decker Inc.(“Stanley Security”) for a purchase price of MUSD 3 200 on a debt and cash-free basis. CEO’s comments on the acquisition The regulatory approval processes, which were initially communicated to be expected to be finalised during the first half-year of 2022, are still ongoing and it is expected that the transaction will close during the third quarter of 2022. “The acquisition of Stanley Security is transformational for both Securitas and the security industry, and we look forward to welcoming Stanley Security and all of its employees into the Securitas Group upon closing the transaction,” says Magnus Ahlqvist, President, and CEO of Securitas.

Consolidation is a dominant trend in the security marketplace. Large companies typically swallow up smaller companies as a means of expanding both their technology portfolios and their geographic reach. Sometimes a big fish is swallowed up by an even bigger fish.   Despite the pandemic and resulting economic challenges, the security market has continued to be a desirable environment for both big players and startups, which then provide abundant acquisition targets for the larger companies. Acquisitions of Motorola Motorola Solutions has been among the most acquisitive of the larger players, recently adding several smaller companies to their growing portfolio. Just this year, Motorola has acquired Ava Security, a video security and analytics company; Calipsa, another analytics company; and Videotec, an Italian provider of ruggedized video solutions for critical infrastructure applications. Video solutions that help to enhance safety and streamline operations while supporting customers In one announcement, Motorola chairman and CEO Greg Brown stated the goal of acquisitions is “to support our customers’ evolving security needs by expanding our portfolio of intelligent video solutions that help to enhance safety and streamline operations.” Previously, Motorola Solutions acquired Envysion, a video analytics company for the retail market. On the access control side, Motorola acquired Openpath Security, a cloud-based, mobile access control provider, in 2021. Motorola entered the video surveillance business back in 2018 with the acquisition of Avigilon for around $1 billion. Also now a part of Motorola are IndigoVision and Pelco, among others. ACRE's mergers and acquisition Another company active in the mergers and acquisition market has been ACRE (Access Control Related Enterprises). The company began with a spinoff from Ingersoll Rand in 2012 to become Vanderbilt Industries. As ACRE, the parent company has been active both in acquisitions and divestitures over the next decade. Vanderbilt grew with the acquisition of Siemens’ Security Products in 2015. ACRE owned Mercury Security, a manufacturer of OEM hardware used by access control companies, from 2013 until it was sold to HID Global in 2017. The acquisition of Razberi enhances the ComNet portfolio while providing complementary technologies ACRE’s more recent access control acquisitions are RS2 Technologies (in 2019), Open Options (2018), Feenics (2021), and Matrix Systems (2021). They acquired ComNet, a manufacturer of video and data transmission equipment, in 2016. The acquisition of Razberi (in 2020) enhances the ComNet portfolio and provides complementary technologies to the access control brands. Acquisition of ACRE ACRE itself was acquired by European investment firm Triton in 2021, and Joseph Grillo, the company’s founder and CEO, announced his retirement in 2022. His knowledge of the security and access control markets helped to drive the company’s growth, including 11 successful acquisitions in all. Securitas acquiring Stanley Security  The acquisition of Stanley Security is transformational for both Securitas and the security industry Stanley Security has also made headlines. In December 2021, Securitas signed an agreement to acquire the Electronic Security Business from Stanley Black & Decker for $3.2 billion in cash. Securitas President and CEO Magnus Ahlqvist says, “the acquisition of Stanley Security is transformational for both Securitas and the security industry.” Allegion plc, global security products and solutions provider, later signed an agreement to acquire Stanley Access Technologies and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $900 million. Acquisition by HID Global, ADT Inc. & Allied Universal HID Global has acquired Vizinex RFID, thus increasing its presence and relevance in key vertical markets, including healthcare/medical, manufacturing, oil and gas, data centres, etc. and adding a key technology to HID Global’s RFID tag portfolio. ADT Inc. recently expanded its geographic reach with the acquisition of Key-Rite Security, a locally owned and operated security provider specializing in access control, surveillance, intrusion, and intercom systems in Colorado and for customers across the United States. Allied Universal continues its strategic growth with the acquisition of Attenti Group, an electronic monitoring company Allied Universal has acquired Star Protection Agency, the largest Hawaiian-owned and veteran-owned security company in the state. Although Star is primarily a guard patrol service, with workers at 125 sites throughout the state, it provides a range of security technology and consulting services. Internationally, Allied Universal continues its strategic growth with the acquisition of Attenti Group, an electronic monitoring company. Allied Universal will integrate Attenti Group with G4S Monitoring Technologies, to create Allied Universal Electronic Monitoring Services. SALTO Systems making acquisition news Also internationally, SALTO Systems has made acquisition news by investing in Bluefield Smart Access, thus strengthening their portfolio of access control solutions. SALTO Systems is a manufacturer of electronic access control and operating system solutions, designed to provide a seamless, keyless and mobile experience for modern buildings. Also joining the SALTO Group is Cognitec Systems, a face recognition company. The goal is to strengthen their research, development and market reach while working with SALTO on new technologies for expanding biometric markets. SALTO strategically selected Cognitec Systems to meet market requests for adding face recognition and artificial intelligence (AI) technologies to the company’s electronic access control and ticketing solutions. Acquisitions by MOBOTIX and Resideo Technologies  Resideo Technologies, Inc. entered into an agreement to acquire First Alert, Inc., a provider of home safety products Further, on the international scene, MOBOTIX has reached an agreement to acquire Vaxtor Group, Tres Cantos, Spain, an artificial intelligence (AI) based video analytics provider, specializing in Optical Character Recognition (OCR) and Deep Learning technologies. On the residential system's front, Resideo Technologies, Inc. entered into an agreement to acquire First Alert, Inc., a provider of home safety products, from Newell Brands Inc. for $593 million in an all-cash transaction. Established in 1969 and based in Aurora, Illinois, First Alert offers a strong omnichannel presence serving end-users directly through retail and e-commerce channels and professional contractors through relationships with distributors and home builders.

Mergers and acquisitions are among the most disruptive forces in the security marketplace. However, they are also both a reality and a growing trend. Whenever there is value to be leveraged, companies tend to enter into business transactions to maximise that value. For the security industry, the result is a continually shifting collection of manufacturer companies seeking new ways to provide value to customers. M&A activity continued unabated in 2021, despite residual industry challenges such as dysfunctional supply chains and lingering consequences of a global pandemic. Here are some of the larger and/or most impactful M&A transactions of 2021. Stanley Black & Decker sells to Securitas Stanley Black & Decker announces an agreement to sell most of its Security assets to Securitas AB for $3.2 billion in cash. The transaction includes Stanley Black & Decker's Commercial Electronic and Healthcare Security business lines.  The businesses carry 2021 forecasted revenues of approximately $1.7 billion. “The business is well-positioned for ongoing growth within Securitas, a global pioneer in the security industry,” says James M. Loree, Stanley Black & Decker's CEO. Openpath’s solution makes businesses more secure with multi-factor authentication Motorola acquires Openpath and Envysion Motorola Solutions adds to its security industry portfolio with the acquisition of Openpath Security Inc., a cloud-based mobile access control provider. Openpath’s solution makes businesses more secure with multi-factor authentication, enables a contactless entry experience, and can be easily scaled and managed due to its cloud-based architecture. Motorola also announces the acquisition of Envysion, a provider of video security and business analytics solutions for quick-service restaurant and retail industries. Delta Electronics buys March Networks Delta Group, a provider of power and thermal management solutions, , purchased 100% of the shares in Infinova (Canada) Ltd., owner of Canadian-based video surveillance and business intelligence company March Networks, from Infinova International Ltd. through its subsidiary Delta International Holding Limited B.V. Following the close of the transaction, it was expected that March Networks will continue to operate from its Canadian headquarters, and the March Networks executive management team will continue to lead the organization. Delta Electronics is also the parent company of VIVOTEK. APi Group acquires Chubb Fire and Security Business APi Group Corp. agreed to acquire the Chubb Fire & Security Business from Carrier Global Corporation for an enterprise value of US$ 3.1 billion. Headquartered in the United Kingdom, Chubb has approximately 13,000 employees globally and a sales and service network that spans 17 countries, serving more than 1.5 million customer sites in Europe, Asia Pacific, and Canada. APi Group is a business services provider of safety, specialty, and industrial services in more than 200 locations worldwide. Teledyne Technologies Inc. will acquire FLIR in a cash and stock transaction valued at approximately $8.0 billion Teledyne acquires FLIR Teledyne Technologies Inc. and FLIR Systems, Inc. jointly announced that they have entered into a definitive agreement under which Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8.0 billion. Jim Cannon, President and Chief Executive Officer of FLIR, said, “We could not be more excited to join forces with Teledyne through this value-creating transaction.” Resideo adds Norfolk Wire and Electronics Resideo Technologies, Inc. acquired privately held Norfolk Wire & Electronics, based in Richmond, Virginia. Norfolk was founded in 1985 and is a regional distributor of security, telecom, network, and audio-video (AV) related products, supplies, and tools. With 11 full-service retail locations and a 43,000 sq. ft. distribution centre, Norfolk serves customers across the mid-Atlantic region and will be part of Resideo's ADI Global Distribution business, a wholesale distributor of security, AV, and low-voltage products. Triton acquires ACRE, which acquires Feenics and Matrix Triton Partners acquired ACRE, an end-to-end security solutions provider based in Dallas/USA and Dublin/Ireland. Triton is investing alongside the current management team of ACRE. Weeks later, ACRE acquired cloud-based workplace solutions company Time Data Security (TDS). Later in the year, ACRE announced acquisition of Feenics and Matrix Systems. Feenics brings cloud-based access control solutions brings cloud-based access control solutions to ACRE’s rapidly growing network of global customers while also expanding its portfolio to support the growing demand for cloud-based security solutions. Matrix enables ACRE to expand the addressable market for the company’s technology portfolio. Brivo, Inc. and Crown PropTech Acquisitions have entered into an agreement making Brivo a publicly listed company Brivo becomes publicly traded through the merger Brivo, Inc., a cloud-based access control and smart building technologies company, and Crown PropTech Acquisitions, a publicly traded special purpose acquisition company (SPAC), have entered into a definitive merger agreement that will result in Brivo becoming a publicly listed company. The transaction values the company at a pro forma enterprise value of $808 million. Upon closing, the combined company will operate as Brivo, and its Class A common stock is expected to be listed under the ticker symbol “BRVS.” Nice buys Nortek Security Nice, a global manufacturer of smart home, security, home, and building automation solutions, , acquired Nortek Security & Control from Melrose Industries. Nortek Security & Control is a developer of technology for security, home automation, control, power, AV and entertainment, access control, health, and Artificial Intelligence (AI) systems, for residential and commercial markets. Eagle Eye acquires Uncanny Vision Eagle Eye Networks, a cloud video surveillance solutions company, has acquired Uncanny Vision Solutions, an artificial intelligence (AI) analytics and Solutions Company. The acquisition accelerates the company’s leadership in providing AI and analytics, to make customers’ businesses more efficient and the world a safer place. The acquisition also includes research and development (R&D) capabilities and a new regional office located in Bangalore, India.