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Securitas Expanding U.S. Footprint with Kratos PSS Acquisition

By Cal Biesecker

Tuesday, March 6th, 2018

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Sweden’s Securitas has agreed to acquire the Public Safety & Solutions (PSS) division of Kratos Defense & Security Solutions [KTOS] in a deal that expands its work in the U.S. and strengthens its electronic security platform.Securitas’ U.S.-based Securitas Electronic Security, Inc. business is acquiring PSS for $70 million. The division has about 400 employees and had $149.9 million in sales in 2017, up 18 percent from $127.1 million in 2016. The division swung to a $3.8 million operating profit in…

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