Securitas announced the acquisition of Stanley Security is conditional upon regulatory approval and customary closing conditions and is now expected to close during the third quarter in 2022. 

On Dec. 8, 2021, Securitas said it had signed an agreement to acquire the Electronic Security Solutions business from Stanley Black & Decker for $3.2 billion in cash. 

The regulatory approval processes, which were initially communicated to be expected to be finalized during the first half year of 2022, are still ongoing and it is now expected that the transaction will close during the third quarter of 2022. 

“The acquisition of Stanley Security is transformational for both Securitas and the security industry, and we look forward to welcoming Stanley Security and all of its employees into the Securitas Group upon closing the transaction,” said Magnus Ahlqvist, president and CEO of Securitas.