Securitas, the world's biggest listed security services group, has been pushing for years to increase sales of electronic security services and reduce its exposure to staff-intensive guarding. The firm's biggest cost is paying salaries for its 355,000 employees.
Securitas said it expected to complete the deal in the first half of 2022 with acquisition-related costs totalling about $135 million, the majority of which would be booked in 2022 and 2023. It said it would fund the deal through an underwritten bridge facility and a $915 million equity rights issue intended to be launched following completion of the deal.
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Source: Forbes - 🏆 394. / 53 Read more »