Securitas Security Services Ltd - Experts & Thought Leaders

Hexagon AB has announced the appointment of the board of directors of its potential spin-off company, Octave Intelligence plc. The Octave Board brings together senior leaders with experience building and operating global technology platforms, scaling enterprise software businesses, strengthening operational resilience, and governing public companies across industrial and digital markets: Leaders and their roles Brett D. Watson, Chair of the Board of Directors is President of Koch Equity, LLC, overseeing several Koch-affiliated investment groups and their diverse global portfolios. Mr. Watson is also an officer of Koch, Inc., where he serves as Vice President, Equity Development with responsibility for corporate development and M&A activity across the firm. Mr. Watson brings extensive experience in capital allocation, business scaling, and board leadership.  He currently serves on the boards of Getty Images, Infor, MITER Brands, Molex, and Transaction Network Services. Mr. Watson previously served on the board of Hexagon AB from 2021 until 2024. Magnus Ahlqvist, Director has served as President and Chief Executive Officer of Securitas AB since 2018, leading significant transformations across the company’s global service operations. Mr. Ahlqvist brings deep international operating experience from prior senior leadership roles at Motorola Mobility, Sony and Ericsson, as well as extensive expertise in global business management. He is also chairman at the International Security Ligue. David J. Hollister, Director is a seasoned financial executive with extensive experience in financial management, operations, and investment oversight. He previously served in senior leadership roles at Bentley Systems, including Chief Financial Officer, Chief Operations Advancement Officer and Chief Investment Officer, and currently serves on the board of iDEAL Semiconductor and the advisory board for InEight Software. Mr. Hollister is a Certified Public Accountant. Meerah Rajavel, Director is Chief Information Officer of Palo Alto Networks and a recognized leader in cybersecurity, information technology, and digital transformation. Ms. Rajavel brings extensive operating and governance experience from prior chief information officer roles and public company board service, including service on audit and compensation committees. Jill D. Smith, Director is a seasoned leader with over 30 years of experience leading and governing global technology and data-driven companies, including having previously served as Chair of the board of AspenTech. Ms. Smith is a former chief executive officer and currently serves on the boards of Securitas AB, Evolent Health, Check Point Software, and MDA Space. She was previously a board member of Hexagon AB from 2013 until 2017. Mattias Stenberg, Director is Chief Executive Officer of Octave and was previously President of Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions. Mr. Stenberg held leadership roles in strategy, M&A, and corporate development at Hexagon AB and currently serves as a board member at Sinch AB. All of the above members of the Octave Board, other than Mr. Stenberg, are expected to be considered independent under the listing rules of the Nasdaq Global Select Market and Nasdaq OMX Stockholm. Delivering long-term value "Octave is entering the market with a Board that reflects the scale, responsibility, and operational rigor required to support customers running mission critical assets," said Brett Watson, Chair of the Board, Octave. "This group brings real operating experience across industrial markets and software platforms, along with disciplined capital allocation and governance. We share the goal of building a resilient, independent company dedicated to delivering durable, long-term value creation.” "It is a privilege to work with a Board of this caliber," said Mattias Stenberg, Chief Executive Officer and director of Octave. "Their depth of experience raises the bar on how we operate and ultimately makes us better partners to the customers who depend on our platforms every day."  Suppoting Octave's strategy The Board will support Octave’s strategy to deliver solutions that give asset owners and operators the intelligence and insight to improve safety, uptime, sustainability, and long-term performance across energy, infrastructure, manufacturing, utilities, and public sector markets.  The separation, spin-off and listing remain subject to this ongoing process and final approval of the Hexagon board and shareholders, as well as being subject to other conditions, consents and regulatory approvals. There can be no assurance that a separation, spin-off or listing will occur.

Securitas, the intelligent security solutions partner with world-pioneering technology and expertise, announced an ambitious sustainability strategy aimed at helping clients achieve their goals, while creating measurable value for the business. The new sustainability strategy is built on three powerful pillars: develop people, decarbonize business, and demonstrate integrity. These commitments will enhance efficiency, retention, and trust, ensuring the quality and reliability clients can depend on for the long term. Developing people Securitas will explore how to implement a living wage framework in collaboration with clients Securitas is dedicated to helping its people succeed by focusing on well-being, creating high-performing teams, and investing in growth and development. To further strengthen retention and long-term value creation, Securitas will explore how to implement a living wage framework in collaboration with clients. “When people thrive, performance follows,” says Magnus Ahlqvist, President and CEO of Securitas, adding “That is why, in close partnership with our clients, we are taking a measured, step-by-step approach to explore how a living wage framework can turn into practical solutions that boost retention, service quality, and long-term value.” Decarbonize business Securitas’ long-standing commitment to reducing environmental impact has provided lasting benefits for their clients, their people, and the planet. Building on SBTi-validated targets that already cover the entire business, Securitas will now expand product-level carbon data to services. Scheduled for release in 2027 is a new feature that provides clients with information on the carbon emissions associated with their security services, including guarding and remote monitoring. This initiative builds on progress already underway at Securitas Technology, which now incorporates greenhouse-gas emissions data into all new proposals in the U.S. and Canada. By 2030, the aim is for 70% of all new technology sold to include carbon data. Activity-based carbon data Securitas’ climate targets are validated by the Science Based Targets initiative (SBTi) “Clients are increasingly asking for activity-based carbon data to support their own emission reduction goals,” says Sune Chabert Larsen, Chief Ethics and Sustainability Officer at Securitas. Sune Chabert Larsen adds, “By extending the same transparency already provided for products to services, Securitas gives clients the insights they need to make climate-conscious and cost-effective decisions.” Securitas’ climate targets are validated by the Science Based Targets initiative (SBTi), committing to reducing absolute Scope 1, 2, and 3 emissions by 42% by 2030 from a 2022 base year. Demonstrating integrity Guided by integrity, vigilance, and helpfulness, Securitas is dedicated to fostering a culture where doing the right thing builds lasting trust and creates long-term value. This strengthened strategy raises the bar by aiming for more than 95% effectiveness in compliance controls across all markets, evaluated through testing and audits, while ensuring that 100% of business leaders actively promote ethics with tone at the top and maintain a zero-tolerance policy on breaches. “For me, sustainability is about doing the right thing,” said Magnus Ahlqvist, President and CEO of Securitas, adding “Done well, it creates real value for our clients and for Securitas. We put sustainability at the heart of growth, so we can deliver solutions that are responsible, resilient, and built for the long term.”

Securitas Technology, a world pioneer and global provider of security, health, and safety technologies, unveiled its Sustainability Initiatives, a pioneering effort to promote environmentally sustainable solutions in the electronic security industry. This initiative will be launched at the Global Security Exchange (GSX) 2024 show, September 23-25, in Orlando, Florida. Consumption of security devices Securitas Technology incorporates data on greenhouse gas emissions in all new sales proposals As part of this initiative, Securitas Technology will now incorporate data on greenhouse gas emissions in all new sales proposals to clients and prospective clients in the United States and Canada.  The information will be calculated based on the annual energy consumption of security devices or systems, expressed in CO2 equivalent. Research shows that approximately 70% of the lifetime emissions of electronic security equipment are attributed to power consumption. Committed technology partners   “Achieving a more sustainable future requires collective action, and sustainability is increasingly at the forefront of our clients’ priorities,” said Tony Byerly, Global President and CEO, Securitas Technology. “We are proud to step out and lead the industry to be more environmentally responsible, alongside our committed technology partners who have provided essential data for this important initiative. By offering clients accurate data on the emissions from the power consumption of our solutions, we empower them to make informed choices that not only enhance security but also reduce the environmental impact.” Data for client proposals Emissions data for client proposals developed in collaboration with Securitas Technology The emissions data for client proposals has been developed in collaboration with Securitas Technology’s strategic partners, representing many of the world’s pioneering manufacturers and innovators in the security industry.  “As the world’s second-largest commercial electronic security company, we take our leadership role in seeing a different world seriously, and this is just the start of our journey,” declared Byerly. Expanding remote services In addition to providing emissions data, Securitas Technology is committed to expanding its remote services to help clients reduce or eliminate travel to sites and the associated emissions. The company aims to help clients minimize their environmental footprint through insights on occupancy patterns to optimize heating and lighting, transitioning clients to more efficient cloud-based systems, and building a more sustainable security ecosystem. Sustainable security solutions “Just as every client has unique security needs, they also have specific sustainability targets,” said John Tomin, Global Sustainability Officer, Securitas Technology. “By gaining a deep understanding of these challenges from the outset, we can work in partnership with clients to offer more sustainable security solutions that contribute positively to our shared sustainability goals.” Aligned with the SBTi  Securitas is the first security solutions firm to have its sustainability targets validated by SBTi The Sustainability Initiative is structured to align with the Science Based Targets initiative (SBTi), a global commitment made by Securitas AB, the corporate parent of Securitas Technology. Securitas is the first global security solutions company to have its sustainability targets validated by SBTi, committing to reducing absolute scope 1, 2, and 3 greenhouse gas emissions by 42% by 2030 from a 2022 base year. This commitment is aligned with the Paris Agreement’s 1.5-degree Celsius goal. Expanding remote service Securitas Technology measures and reports on its sustainability progress under the SBTi framework annually. The company is actively pursuing several actions to reduce its own emissions, including the adoption of circular economy practices, and expanding remote service offerings, among many other considerations.

Consolidation is a dominant trend in the security marketplace. Large companies typically swallow up smaller companies as a means of expanding both their technology portfolios and their geographic reach. Sometimes a big fish is swallowed up by an even bigger fish.   Despite the pandemic and resulting economic challenges, the security market has continued to be a desirable environment for both big players and startups, which then provide abundant acquisition targets for the larger companies. Acquisitions of Motorola Motorola Solutions has been among the most acquisitive of the larger players, recently adding several smaller companies to their growing portfolio. Just this year, Motorola has acquired Ava Security, a video security and analytics company; Calipsa, another analytics company; and Videotec, an Italian provider of ruggedized video solutions for critical infrastructure applications. Video solutions that help to enhance safety and streamline operations while supporting customers In one announcement, Motorola chairman and CEO Greg Brown stated the goal of acquisitions is “to support our customers’ evolving security needs by expanding our portfolio of intelligent video solutions that help to enhance safety and streamline operations.” Previously, Motorola Solutions acquired Envysion, a video analytics company for the retail market. On the access control side, Motorola acquired Openpath Security, a cloud-based, mobile access control provider, in 2021. Motorola entered the video surveillance business back in 2018 with the acquisition of Avigilon for around $1 billion. Also now a part of Motorola are IndigoVision and Pelco, among others. ACRE's mergers and acquisition Another company active in the mergers and acquisition market has been ACRE (Access Control Related Enterprises). The company began with a spinoff from Ingersoll Rand in 2012 to become Vanderbilt Industries. As ACRE, the parent company has been active both in acquisitions and divestitures over the next decade. Vanderbilt grew with the acquisition of Siemens’ Security Products in 2015. ACRE owned Mercury Security, a manufacturer of OEM hardware used by access control companies, from 2013 until it was sold to HID Global in 2017. The acquisition of Razberi enhances the ComNet portfolio while providing complementary technologies ACRE’s more recent access control acquisitions are RS2 Technologies (in 2019), Open Options (2018), Feenics (2021), and Matrix Systems (2021). They acquired ComNet, a manufacturer of video and data transmission equipment, in 2016. The acquisition of Razberi (in 2020) enhances the ComNet portfolio and provides complementary technologies to the access control brands. Acquisition of ACRE ACRE itself was acquired by European investment firm Triton in 2021, and Joseph Grillo, the company’s founder, and CEO, announced his retirement in 2022. His knowledge of the security and access control markets helped to drive the company’s growth, including 11 successful acquisitions in all. Securitas acquiring Stanley Security  The acquisition of Stanley Security is transformational for both Securitas and the security industryStanley Security has also made headlines. In December 2021, Securitas signed an agreement to acquire the Electronic Security Business from Stanley Black & Decker for $3.2 billion in cash. Securitas President and CEO Magnus Ahlqvist says “the acquisition of Stanley Security is transformational for both Securitas and the security industry.” Allegion plc, global security products, and solutions provider, later signed an agreement to acquire Stanley Access Technologies and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $900 million. Acquisition by HID Global, ADT Inc., & Allied Universal HID Global has acquired Vizinex RFID, thus increasing its presence and relevance in key vertical markets, including healthcare/medical, manufacturing, oil and gas, data centers, etc., and adding a key technology to HID Global’s RFID tag portfolio. ADT Inc. recently expanded its geographic reach with the acquisition of Key-Rite Security, a locally owned and operated security provider specializing in access control, surveillance, intrusion, and intercom systems in Colorado and for customers across the United States. Allied Universal continues its strategic growth with the acquisition of Attenti Group, an electronic monitoring company Allied Universal has acquired Star Protection Agency, the largest Hawaiian-owned and veteran-owned security company in the state. Although Star is primarily a guard patrol service, with workers at 125 sites throughout the state, it provides a range of security technology and consulting services. Internationally, Allied Universal continues its strategic growth with the acquisition of Attenti Group, an electronic monitoring company. Allied Universal will integrate Attenti Group with G4S Monitoring Technologies, to create Allied Universal Electronic Monitoring Services. SALTO Systems making acquisition news Also internationally, SALTO Systems has made acquisition news by investing in Bluefield Smart Access, thus strengthening its portfolio of access control solutions. SALTO Systems is a manufacturer of electronic access control and operating system solutions, designed to provide a seamless, keyless, and mobile experience for modern buildings. Also joining the SALTO Group is Cognitec Systems, a face recognition company. The goal is to strengthen their research, development, and market reach while working with SALTO on new technologies for expanding biometric markets. SALTO strategically selected Cognitec Systems to meet market requests for adding face recognition and artificial intelligence (AI) technologies to the company’s electronic access control and ticketing solutions. Acquisitions by MOBOTIX and Resideo Technologies  Resideo Technologies, Inc. entered into an agreement to acquire First Alert, Inc., a provider of home safety products Further, on the international scene, MOBOTIX has reached an agreement to acquire Vaxtor Group, Tres Cantos, Spain, an artificial intelligence (AI) based video analytics provider, specializing in Optical Character Recognition (OCR) and Deep Learning technologies. On the residential system's front, Resideo Technologies, Inc. entered into an agreement to acquire First Alert, Inc., a provider of home safety products, from Newell Brands Inc. for $593 million in an all-cash transaction. Established in 1969 and based in Aurora, Illinois, First Alert offers a strong omnichannel presence serving end-users directly through retail and e-commerce channels and professional contractors through relationships with distributors and home builders.

To succeed at outsourcing, the relationship between the organization and the outsourcing company has to be an equal partnership Can you save money on security by outsourcing? Maybe, maybe not, according to William J. Powers III, CIPM II, CIPI. “Considering the way I approach outsourcing, I’m not sure if it saves money,” says Powers. As director of facilities at the Sterling and Francine Clark Art Institute in Williamstown, Mass., Powers oversees facilities, maintenance and security for the museum. While some organizations outsource security in the hopes of saving money, Powers’ goal is good security. He outsources to Securitas. “They do background checks for us,” Powers says. “If I need an investigation, they have people that specialize in that. They provide officers for physical security, and they handle the technology — video surveillance, access control and intrusion alarms.” While Powers outsources the work to Securitas, he remains involved as a full partner in The Clark’s security operations. “If you bring in an outsourcing company and expect their people to set policies and standards and to establish security benchmarks for you, you will probably fail,” Powers says. “To succeed, the relationship has to be an equal partnership.” A new outsourcing partner doesn’t know your organization the way you do. You have to provide the policy guidance and enforcement standards. In addition, Powers notes that an organization that outsources security also needs an in-house contract manager who understands security. It can’t be the chief financial officer or the facilities manager unless one of them has solid security experience. Powers, for instance, has more than 30 years of experience in protecting cultural property. He has been at the Clark Art Institute since 1995. He is a member of the Board of Directors for the International Foundation for Cultural Property Protection (IFCPP). He is a certified instructor through the IFCPP and frequently lectures on cultural property protection. He is also vice chair of the ASIS Cultural Properties Council. "The in-house expert is important because he or she is one of three key players necessary to building a successful outsourcing program" “A consultant could serve as your in-house expert,” Powers says. “The in-house expert is important because he or she is one of three key players necessary to building a successful outsourcing program.” The other two people are the site manager for the contract security company and the branch manager for the security provider. Together, those three organize, manage and refine the security operation. Powers’ role in the partnership extends to setting salary targets for security officers. He has studied wages across the region and come up with a salary level he believes is reasonable. He asks his provider to meet that level. Managing compensation for officers is one of Powers’ major concerns because it helps with retention. “Poor compensation leads to high turnover,” he says. “I’m not talking just about salary; I’m also talking about benefits. Securitas pays 50 percent of our officers’ health insurance premiums. I pick up another 25 percent.” By making sure officers cannot find a better paying job in the area, Powers has tamped turnover way down. “We have contract officers that have worked here for more than 20 years,” he says. “Our turnover rate is less than 1 percent.” Then, too, if Powers doesn’t like an officer he calls the contract company and has him or her removed from the staff. That’s a benefit, as well. Firing someone from an in-house staff can be a drawn out problem. Outsourcing has many other benefits. For instance, if the museum hosts an event and needs 10 extra officers, Securitas can provide them quickly. An in-house operation would struggle to find 10 more people. “To sum up, to outsource security successfully, you have to pay for it,” Powers says. “We’re paying $11 per hour instead of $9, but our officers have great attitudes. Perhaps more importantly, you have to work as a partner with your outsourcing provider.” You may or may not save any money by adopting Powers’ approach, but you will have excellent security.