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Creates a global champion position for GardaWorld and its businesses in the high-growth, high-margin mobile and fixed video monitoring industry.
Industry-leading monitoring and technological capabilities, including R&D and production with a high level of compatibility with GardaWorld's ECAMSECURE.
Garda World Security Corporation ("GardaWorld" or "the Company"), an entrepreneurial-driven corporation focused on building global champions in security services, AI-enabled security technology, integrated risk management, and cash automation solutions, announced today that it has entered into an Agreement and Plan of Merger ("Binding Agreement") to acquire the business of Stealth Monitoring, a North American leader in cutting-edge commercial mobile and fixed video monitoring security solutions.
Building on the foundation of the Company's successful ECAMSECURE platform, the acquisition of Stealth Monitoring will establish a global leader in AI-powered remote video monitoring solutions. This acquisition will introduce proprietary technology and extensive product expertise as well as unite the complementary strengths and industry-leading technologies of both companies, significantly elevating the value and scope of customer offerings.
"With decades of experience in mobile and fixed video monitoring, we see Stealth Monitoring as a highly complementary business to our existing global champion businesses and as an opportunity to establish an unrivaled North American leadership in mobile and fixed video monitoring," said Stephan Crétier, Founder, President and CEO of GardaWorld. "We look forward to teaming up with the ambitious experts and operators at Stealth Monitoring who share our entrepreneurial, growth-oriented mindset, laser focus on value creation and desire to innovate and reshape industries."
"We have a longstanding dedication to advancing the state of commercial video monitoring across North America through a commitment to customer experience and the development of cutting-edge technology," said Max Baigelman, CEO of Stealth Monitoring.
"Our goal has always been to anticipate client needs and continuously deliver the right solutions. GardaWorld shares our winning mindset and an incredible track record for elevating companies and operations in the security industry to the next level of growth and value creation. We're looking forward to joining forces to continue Stealth's expansion," added Erik Mikkelsen, President and CRO, Stealth Monitoring.
Stealth Monitoring has approximately 2,000 employees across 40+ offices and eight state-of-the-art video monitoring centers.