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Securitas To Acquire Kratos’ Pubic Safety & Security Business

Cal Biesecker By
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Securitas To Acquire Kratos’ Pubic Safety & Security Business
High tech overhead security camera at a government owned building. Photo: Kratos

Kratos Defense & Security Solutions [KTOS] on Thursday said it is selling its Public Safety & Security (PSS) Division to Securitas Electronic Security, Inc. for $70 million, a divestiture that will allow it to focus on its defense business.Kratos, which reported its fourth quarter financial results on Thursday, posted $751 million in sales for 2017, with PSS contributing $149.9 million. The PSS division had $127.1 million in sales in 2016.Securitas had not commented on the pending acquisition by our deadline.…

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