Securitas acquires security electronic monitoring business
Multinational security services group Securitas has been advised on its acquisition of the Staysafe security electronic monitoring business.
Firm: Baker McKenzie (Securitas); unknown (Staysafe)
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Deal: Securitas has been advised by Bakers on its acquisition of Staysafe.
Value: Undisclosed
Area: M&A
Key players: The Bakers team was led by senior associate Lawrence Mendes, who was assisted by Ben McLaughlin, Emily Hunter, Kathryn Schultz and Alanna Rennie.
Deal significance: Speaking about the deal, Mr Mendes said: “This transaction continues our client, Securitas’, growth trajectory in further becoming a leader in the global security market. The complimentary Staysafe business will provide an expanded local platform in Australia.”