Securitas agrees to acquire Diebold’s North American Electronic Security business

Securitas has agreed to acquire the commercial contracts and operational assets of Diebold Incorporated’s (NYSE-DBD) Electronic Security business in North America, and will operate as Securitas Electronic Security Inc. The 12-month sales of the acquired Diebold Electronic Security operation, from June 30, 2014 through June 30, 2015, are MSEK 2 760 (MUSD 330). The purchase price is approximately MSEK 2 900 (MUSD 350) on a debt-free basis including a normalized working capital, which according to Securitas' calculations equates to approximately 11x estimated EBITDA for 2015, of the acquired