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.
This session will help integrators better understand the needs and market demands of their retail customers.
This next installment of the SSI Industry Hall of Fame Webcast Series features Jim Henry, executive vice president of corporate development for Securitas Electronic Security.
