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Tag: Stanley Black & Decker


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Suppliers

Allegion to buy Stanley Access Technologies for $900M

April 22, 2022SSN Staff

DUBLIN—Allegion plc, a global security products and solutions provider, has signed a definitive agreement to acquire Stanley Access Technologies LLC and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $900 million in cash. When adjusted for approximately $90 million in tax benefits, the purchase price is $810 million on a cash-free, debt-free basis. Reducing the amount paid by the tax benefits, the purchase price represents approximately...

Allegion, Mergers & Acquisitions, Stanley Black & Decker


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Stanley selling security business to Securitas for $3.2 billion

Commercial

Stanley selling security business to Securitas for $3.2 billion

December 8, 2021SSN Staff

NEW BRITAIN, Conn.—Stanley Black & Decker announced it has signed a definitive agreement for the sale of most of its security assets to Securitas AB for $3.2 billion in cash. The proposed transaction includes Stanley Black & Decker's Commercial Electronic and Healthcare Security business lines. "We are incredibly excited to join forces with Stanley Security and are confident that we will form a winning team,” Securitas AB President & CEO Magnus Ahlqvist said in the announcement....

Mergers & Acquisitions, Securitas, Stanley Black & Decker


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Suppliers

STANLEY Security partners with Evolv Technology

August 4, 2020SSN Staff

INDIANAPOLIS—Today, STANLEY Security announced its investment in Evolv Technology, a leader in artificial intelligence (AI)-based touchless security screening. This investment, backed by STANLEY Ventures, the venture capital arm of Stanley Black & Decker, forms a strategic partnership between the two companies. “We’re committed to helping organizations create safer, healthier environments for their employees, customers, students and partners, and our investment in Evolv Technology helps...

AI, artificial intelligence, Data Analytics, Evolv Technology, Stanley Black & Decker, Stanley Security, weapon detection


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Commercial

STANLEY Security launches partnership with Alarm.com

May 9, 2019SSN Staff

FISHERS, Ind.—Stanley Black & Decker announced that its STANLEY Security business, a global manufacturer and integrator of comprehensive security solutions, joined a global services agreement with Alarm.com, a platform for intelligently connected property. This non-exclusive agreement will allow STANLEY Security to offer a complete digital security solution under the STANLEY brand for small businesses beginning in the second quarter of 2019."Alarm.com is a great technology provider that enables...

alarm.com, Stanley Black & Decker, Stanley Security


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Suppliers

OpenGate Capital to acquire S&G from Stanley Black & Decker

February 1, 2019SSN Staff

LOS ANGELES and PARIS—OpenGate Capital, a global private equity firm, announced that it has signed an agreement to acquire Sargent and Greenleaf (S&G) from Stanley Black & Decker. The transaction is anticipated to be completed in Q1 2019. Financial terms were not disclosed.S&G focuses on the specialized high security lock industry. Founded in 1857 and headquartered in Nicholasville, Ky., the business has approximately 120 employees globally with a vast distribution footprint that enables S&G...

S&G, Sargent and Greenleaf, Stanley Black & Decker


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Suppliers

Stanley Black & Decker agrees to sell mechanical security businesses for $725m

December 22, 2016Spencer Ives

NEW BRITAIN, Conn.—Stanley Black & Decker yesterday announced that it has entered into a definitive agreement to sell the majority of its mechanical security businesses, including commercial hardware brands BEST Access, phi Precision and GMT to access and security solution provider dormakaba for $725 million in cash.The deal is subject to customary regulatory approvals.dormakaba also recently acquired Mesker Openings Group, a U.S.-based commercial door and hardware company, for $142.5 million....

dormakaba, James M. Loree, Riet Cadonau, Stanley Black & Decker


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On The Editor's Desk

Once IR spins off security division, will others follow?

June 12, 2013Martha Entwistle

Once IR spins off its security division, will others follow? Poking around some investor conference info recently, I came across this tidbit on Seeking Alpha “Stanley Black & Decker Chairman John Lundgren made an interesting revelation during his chat at the Electrical Products Group Conference yesterday. [The conference took place in late May]. The exec says the company will keep an eye on the spinoff from Ingersoll Rand of its security business to see if a similar move would make sense for...

Barbara Santoro, Brett D. Bontrager, Ingersoll Rand, John Lundgren, Nelson Peltz, Patrick Shannon, security spin off, Stanley Black & Decker, Stanley Security Solutions, Tyco


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This Blog's on Fire (And Other Stuff)

ISC West Day 2: A new look at locks, and at home with radar

April 11, 2013Tess Nacelewicz

My second day at ISC West—Wednesday—was the first day the show floor opened. And among other things I learned from my visits to various booths was how to view locks from a new perspective. For example, at the Kwikset booth, Stanley Black & Decker national account manager Brian Willis told me that as dealers work to convince homeowners to add home automation features to their security systems, “a lock is that transition piece.” Kwikset is part of the Hardware and Home Improvement...

Assa Abloy, Brian Willis, Keith Brandon, Kwikset, Logan Harris, Martin Huddart, SpotterRF, Stanley Black & Decker


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On The Editor's Desk

Stanley execs talk about progress on Niscayah acquisition

January 30, 2012Martha Entwistle

Stanley CSS's parent company, Stanley Black & Decker exceeded Wall Street expectations last week with its earnings announcement. It had Q4 revenue of $2.8b, up 17 percent over 2010 Q4 revenues, and organic revenue growth was up 6 percent over the same period. The security segment was up 1 one percent with 4 percent organic growth in Convergent Security, according to the conference call. Security has Q4 sales of $827 million. That revenue figure is up 49 percent over last year (2010 Q4 revenues were...

James M. Loree, John Lundgren, NIscayah acquisition, Stanley Black & Decker


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Commercial

Stanley to close Niscayah deal tomorrow

September 8, 2011Martha Entwistle

STOCKHOLM—Stanley Black & Decker executives are here today preparing for the Sept. 9 closing of its $1.2 billion cash offer purchase of Niscayah. “Expect to see visible steps soon, with significant work being completed within the first year of closing,” Tony Byerly, president Stanley CSS North America & United Kingdom, told Security Systems News in an email interview. “We have clear integration objectives with financial commitments for the short and long term and we expect...

Niscayah, Stanley Black & Decker, Stanley Convergent Security Solutions, Stanley CSS, Tony Byerly


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