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Industry

Kratos becomes pure play defence company with public safety sale

01 March 2018

US technology and services group Kratos Defense & Security Solutions has announced that it has “virtually completed” its strategic transformation into a “pure play defence high technology, product and services provider” with the divestment of its Public Safety & Security division.

This division provides video surveillance, access control, audio messaging, and perimeter detection solutions to the commercial real estate, education, health, transportation, and utilities sectors.

The division dates from the foundation of Kratos in 2007 when the company, previously known as Wireless Facilities Inc, changed its name to Kratos Defense and Security.

The Public Safety & Security division has been sold to Securitas Electronic Security Inc for USD70 million on a net cash basis.

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