Securitas Launches $907M Bid for Niscayah to Boost Product Line
STOCKHOLM, Sweden — In an effort to broaden its product line-up, Swedish guard services company Securitas will launch a bid worth 5.8 billion Swedish krona (SEK) or $907 million for Niscayah, a systems integrator.
Securitas estimates that the acquisition will create cost synergies of SEK200 million annually. The company also expects restructuring costs to total SEK250 million in 2011 and 2012, reports The Wall Street Journal.
Securitas will offer its shareholders one new Securitas share for every 4.19 shares in Niscayah.
Previously part of Securitas, Niscayah, which provides IT-based security solutions, was spun off from the company in 2006. Niscayah’s board of directors has appointed an independent committee to review the offer, according to a press statement.
Related Articles:
- On Patrol: When Logical and Physical Access Collide
- 10 Steps to Creating A Campus Security Master Plan
- Data Breach Prevention: 13 Best Practices You Should Implement
- Mission Possible: Campus Security Systems Integration
If you appreciated this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Leading in Turbulent Times: Effective Campus Public Safety Leadership for the 21st Century
This new webcast will discuss how campus public safety leaders can effectively incorporate Clery Act, Title IX, customer service, “helicopter” parents, emergency notification, town-gown relationships, brand management, Greek Life, student recruitment, faculty, and more into their roles and develop the necessary skills to successfully lead their departments. Register today to attend this free webcast!