Tag: Stanley Black & Decker
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....
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...
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...
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...
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....
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...
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...
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...
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...
Stanley to buy resi company for $61m
August 4, 2011Martha Entwistle
EDMONTON, Alberta—In a deal that will give Stanley CSS a major residential security footprint in Canada, Stanley Canada Corporation, a subsidiary of Stanley Black & Decker, Inc. has entered into an agreement to acquire Microtec Security Systems, headquartered here, for $61.6 million ($59.7 million Canadian).
The deal includes close to 80,000 accounts, two UL-Canada listed central stations, five offices, 200 employees and many dealers, said Fred Fong, CEO and president of First National AlarmCap...