Stanley Black & Decker Inc

NYSE:SWK  
192.73
-2.69 (-1.38%)
Mergers / Acquisitions

Securitas To Acquire Electronic Security Solutions Business

Published: 12/08/2021 07:10 GMT
Stanley Black & Decker Inc (SWK) - Securitas Makes Transformative Acquisition of the Electronic Security Solutions Business From Stanley Black & Decker Inc.securitas Makes Transformative Acquisition of the Electronic Security Solutions Business From Stanley Black & Decker Inc.enters Into an Agreement to Acquire Electronic Security Solutions Business From Stanley Black & Decker Inc. ("stanley Security") for a Cash Purchase Price of Musd 3 200 on a Debt and Cash Free Basis.
Expected to Be Immediately Operating Margin Accretive to Group on Completion, Create Compelling Cost Synergy Opportunities, Deliver Accretion in Earnings per Share in First Full Year Post Completion.
Fully Funded Through an Underwritten Bridge Facility Which is Expected to Be Refinanced by Long-term Debt Financing and an Equity Rights Issue.
Acquisition is Expected to Complete in First Half Year of 2022.
Acquisition is a Significant Step Towards Securitas Achieving Its Ambition of Doubling Sales From Higher Margin Security Solutions and Electronic Security by 2023.
Stanley Security's Sales Are Estimated to Be Nearly Musd 1 700 in 2021.
Acquisition Has Significant Commercial Synergies and Creates Compelling Cost Synergies Which Are Expected to Be Fully Realized Within Three Years From Completion.
Acquisition Represents a Multiple of Approximately 13x Stanley Security's Estimated Adjusted EBITDA 2021 Including Cost Synergies of Approximately Musd 50, Before Commercial Synergies and Strategic Benefits.