This Research Note examines the electronic security business of Securitas, rebranded as Securitas Technology, based on investor presentations and their 2024 annual report.  This article highlights the financial performance and progress of the business in integrating the STANLEY Security acquisition and repositioning the group as a technology-based supplier of integrated solutions in higher growth markets. Securitas Technology Profile Securitas Technology, officially launched in March 2023, brought together Securitas Electronic Security and STANLEY Security, following the completion of the acquisition of STANLEY Security in July 2022.  At that time, STANLEY Security was generating approximately $1.7 billion in 2021 sales.  About 40% of that revenue was recurring, with an EBITDA margin close to 12%.  Securitas Technology has a global footprint, expanding to over 40 countries with 13,000+ employees, 10 Engineering Centers of Excellence, and 16 monitoring centers. “Technology and Solutions” is the Securitas reportable segment which broadly equates to their electronic security offerings. This comprises two broad […]