Home / M&A Activity / Securitas Closes Buy of Kratos’ Public Safety, Security Division; Eric DeMarco Comments

Securitas Closes Buy of Kratos’ Public Safety, Security Division; Eric DeMarco Comments

Eric DeMarco

Securitas Electronic Security has completed its $70 million cash acquisition of the public safety and security business from Kratos Defense and Security Solutions.

Eric DeMarco, president and CEO of Kratos, said in a statement released Monday the company aims to focus growth efforts in the unmanned aerial drones, missile defense, training systems, microwave electronics and satellite communications markets.

Canaccord Genuity served Kratos’ financial adviser in the transaction and Paul Hastings acted as its legal counsel.

Ohio-based Securitas Electronic Security maintains a portfolio of video, access, intrusion, fire and integrated technology products.

Check Also

FirstNet Roadmap Outlines Six ‘High-Priority’ Areas; AT&T VP Stacy Schwartz Quoted

The First Responder Network Authority detailed a five-year plan to advance a nationwide public safety broadband system with regard to the network core, capacity and coverage, situational awareness, information exchange security, voice communications and user experience, Government Technology reported Friday.

Navy Awards Raytheon $367M Close-In Weapon System Modernization Contract

Raytheon (NYSE: RTN) has secured a potential four-year, $367.2M contract from the U.S. Navy to update a radar-guided missile defense system and related hardware for domestic and foreign military customers.