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Business/Financial

Securitas Completes Acquisition Of Kratos’ Public Safety & Security Division

By Cal Biesecker

Monday, June 11th, 2018

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Securitas Completes Acquisition Of Kratos’ Public Safety & Security Division

Kratos' Mako UAS

Sweden’s Securitas on Monday completed its $70.7 million acquisition of the Public Safety & Security (PSS) Division of Kratos Defense & Security Solutions [KTOS], expanding its business in the U.S. and adding more capabilities to its electronic security unit.For Kratos, the sale of its $150 million PSS business will allow it to focus on its defense work.The PSS division does systems integration work around video surveillance, access control, communications, building automation, and fire and safety.“This divestiture continues the successful execution…

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