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Securitas set to acquire Diebold division for $350m

October 26, 2015Amy Canfield

NORTH CANTON, Ohio—Securitas has agreed to buy Diebold's North America-based electronic security division for $350 million. The divestiture by Diebold is aimed to better position it to pursue growth in the self-service industry, it said. For Securitas, the purchase "will bring added value to our customers" with added levels of protective services.The deal, subject to regulatory approval, is expected to be completed in the first quarter of 2016.Diebold Electronic Security has current annual...

Andy W. Mattes, Diebold, Imperial Capital, Jeff Kessler, Securitas