Stanley Black & Decker to Sell Security Business for $3.2 Billion to Securitas
Written by Black Hot Fire Network on December 8, 2021
NEW BRITAIN, Conn., Dec. 8, 2021 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced it has signed a definitive agreement for the sale of most of its Security assets to Securitas AB (STO: SECU B) for $3.2 billion in cash. The proposed transaction includes Stanley Black & Decker's Commercial Electronic and Healthcare Security business lines ("Security"). The businesses carry 2021 forecasted revenues of approximately $1.7 billion with an adjusted EBITDA margin in the low double-digits, implying a purchase price multiple of approximately 16 . . .
