4 December 2021

Securitas

Securitas acquires Supreme Security Systems

Securitas is acquiring Supreme Security Systems, an alarm monitoring company in the US. The acquisition increases Securitas’ service capabilities and client offerings in the northeast US and aligns with Securitas’ ambition to double the size of its security solutions and electronic security business by 2023. The purchase price is approximately MUSD 20 (MSEK 180). The acquisition will be accretive to the Group operating margin through its resilient recurring monthly revenue (RMR) portfolio representing more than 70% of the revenue. Founded in 1929, Supreme Security Systems provides security alarm monitoring services to clients primarily in the New Jersey market. Their portfolio includes electronic security services, such as intrusion, video, fire and access control systems, as well as  UL-listed, FM approved, TMA Five Diamond certified alarm monitoring. The company has an outstanding reputation with its tenured client base and is known for providing best-in-class service. Total annual sales amount to approximately MUSD 10 (MSEK 90), mainly driven from its recurring monthly revenue (RMR) base. “This acquisition strengthens Securitas’ position as a leader in protective services and continues our journey towards our ambition to double the size of our security solutions and electronic security business. Supreme Security Systems’ strong recurring revenue base complements our North American electronic security business model and enhances our footprint in a population dense strategic market,” said Tony Byerly, President Global Electronic Security, Securitas. The acquisition-related costs are expected to be MSEK 12, recognised across 2022 and 2023. The acquisition is expected to be EPS accretive as of 2022 and will be consolidated in Securitas as of December 1, 2021.   Media contact Rebecca Morpeth Spayne, Editor, Security Portfolio Tel: +44 (0) 1622 823 922 Email: editor@securitybuyer.com

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Paxton

Paxton engineering scholarships for STEM students

Paxton has resumed their popular scholarship programme for 2022. The security technology manufacturer will provide paid summer placements for STEM students, and a £10,000 contribution to the cost of their final year of study. Paxton’s UK headquarters, Technology Centre, and manufacturing facilities are based in the county of Sussex, with sites in Brighton and Eastbourne. The British manufacturer has been developing security systems in the area since the nineteen-eighties and ships their security products internationally. The Paxton’s Scholarship programme was first launched in 2017. Since then, Paxton has been working closely with the University of Brighton, and the University of Sussex, offering three-month paid summer placements for their second-year STEM students. They support candidates who are studying product design, electronics, mechanical engineering, computing, maths, and physics. Hayley Scanlon, Resourcing Advisor at Paxton explained, “It’s great for Paxton to be able to identify new talent in the local area, as well as give students the opportunity to get real life industry experience. And of course, the financial support is helpful in their final year.” In 2020, Paxton had to pause the initiative due to Government restrictions to limit the spread of the coronavirus. Prior to this, Paxton held open days once a year for interested students to visit their state-of-the-art facilities, before making the decision to apply for the scholarship programme. For the upcoming academic year Paxton has had to adapt their process to allow the new cohort of students to apply, while government guidance still advises against large group sessions. Hayley continued, “Throughout November, we held tours for small groups of up to four students. Normally we see around 100 students apply a year, after first attending our open day. “We have now completed 80 tours. We have seen a lot of bright and excited students walk through the doors. This makes us extremely optimistic about the next stages of the process.” After taking part in the tour, students are invited to apply for a scholarship by filling out an application form and then attending a face-to-face interview. Those who are successful in the application process will start a three-month paid placement in July 2022, as well as receive £10,000 to help support them financially in their final year. Robert Yates, Head of Development at the University of Sussex explained, “Students today want their university to provide them with employability skills and career development opportunities. “The Paxton Scholarship benefits the university enormously and it gives our students valuable experience in a global company. This is something that will really make their CV’s stand out. It will enhance their employability significantly and open their eyes to the breadth of opportunities beyond their studies.”   Media contact Rebecca Morpeth Spayne, Editor, Security Portfolio Tel: +44 (0) 1622 823 922 Email: editor@securitybuyer.com

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