On Sunday, Diebold and Securitas announced an agreement for Securitas to acquire Diebold’s North American Electronic Security business.
Tony Byerly, Diebold Global Electronic Security’s executive vice president for three and a half years, released a statement on Thursday for the first time since the news broke.
“This is great news for Diebold, because it better positions the company to pursue growth opportunities in the dynamic financial self-service and retail banking solutions space,” Byerly said. “Equally exciting, our Electronic Security business becomes part of an $8B leading global security services and solutions provider – solely focused on the security industry. Securitas is an ideal strategic fit for the business as it provides scale, stability, focus and resources necessary to continue our growth. We couldn’t have found a better place to continue our transformation journey.”
Byerly will continue as president of Securitas Electronic Security once the transaction has closed.
“Securitas has a refreshing approach to this acquisition. It is not about cost synergies, office closures and headcount reductions – it’s about growth, expanding the portfolio of security solutions available to customers and having an immediate, meaningful impact in the electronic security industry in North America,” Byerly said. “I will be joined by my entire senior leadership team and over 1,100 associates as we transition from Diebold Electronic Security to Securitas Electronic Security, Inc. We will be standing up the business within the Securitas North American family of businesses, and continuing to provide extraordinary services to our customers from our industry-leading service organization, award-winning alarm monitoring centers and renowned Engineering Center of Excellence. The account executives, service techs, alarm operators and others who support our customers today, will be the same tomorrow. That’s an extremely exciting message to our associates and our customers.”
