Securitas Finalizes Purchase of Kratos PSS Division
Securitas is assimilating the Public Safety & Security Division with the Securitas Electronic Security (SES) business to expand its systems integration platform in the United States.
Securitas is assimilating the Public Safety & Security Division with the Securitas Electronic Security (SES) business to expand its systems integration platform in the United States.
Kratos Defense & Security Solutions’ systems integration division has annual sales of approximately $135 million and includes 400 employees.
The physical access control solution will consolidate 24 separate systems across 68 hospitals and feature a common database and user interface.
The national security solutions provider’s numbers are a 9.8% jump from the third quarter.
In mixed results, the business earned $161.7 million during the quarter, compared to the consensus estimate of $175 million.
Kratos’ Public Safety and Security (PSS) business margins are down sharply year-over-year.
For the fourth quarter ended Dec. 29, 2014, Kratos reported revenues of $221.5 million.
Despite its national presence in providing integrated solutions in numerous vertical markets, the credo at Kratos Public Safety & Security is never stray from the true needs of the customer. In an exclusive interview with EVP Jim Henry, find out how the firm leverages its parent company and how a core belief system is helping propel it to new heights.