Acquisitions
In May 1999, the acquisition of Effeff Fritz Fuss [14] in Germany enabled Assa Abloy to enter the electromechanical lock market. Assa Abloy also acquires Mul-T-Lock in Israel, a manufacturer of high security locks. [15] Assa Abloy doubles in size in 2000, when it acquires the global lock group Yale Intruder Security. [16] In the same year, Assa Abloy acquires HID, adding electronic identification to its product portfolio. [17]
In April 2002, Assa Abloy Group acquired Besam, a Swedish company specialized in automatic pedestrian doors. [18] Another important acquisition for the group was Fargo Electronics, a company which develops systems for safe issuing of credit, bank, debit and ID cards. [19] This was followed by other acquisitions such as Baodean in China and Irevo in South Korea in 2007. [15]
In 2009, the Italian door automation manufacturer, Ditec, [20] was bought. Important acquisitions were also made in September 2011, with the purchase of Crawford and Flexiforce. [21] A number of purchases followed in 2012. In April 2012 Traka, a company specialising in key and asset management was acquired. [22] The group also acquired Albany Door Systems, a manufacturer of high speed industrial doors. [23] November 2013 came with the purchase of the Polish fire and security door manufacturer Mercor SA, [24] Ameristar USA, [25] and Amarr. [26]
In December 2018, Assa Abloy acquired Lorient, a UK based designer and manufacturer of high performance door sealing systems. [27]
In December 2018, Assa Abloy acquired Luxer One, a package locker business in the US. [28]
In February 2020, Assa Abloy acquired the UK-based, 140-strong biometric access and workforce management technology business, Biosite. [29]
In May 2021, Assa Abloy acquired Sure-Loc, the leading supplier of residential locks and associated hardware in the US. [30]
In September 2021, Assa Abloy acquired the Hardware and Home Improvement ("HHI") division of Spectrum Brands for $4.3 billion. HHI has a varied portfolio of products, including patented SmartKey technology and electronic, smart and biometric locks. Key brands include Kwikset, Baldwin, Weiser, Pfister and National Hardware. HHI is headquartered in Lake Forest, California with some 7,500 employees worldwide and has manufacturing facilities in the United States, Mexico, Taiwan, China, and the Philippines. [31] [32]
In August 2022, ALCEA, a company specializing in access control solutions and catering to various vertical markets, was acquired by Assa Abloy Global Solutions. [33]
In December 2022, Assa Abloy acquired the New York-headquartered provider of rugged handheld mobile computers and readers, Janam Technologies. [34]
On September 8, 2021, Assa Abloy announced that it had signed a definitive agreement to acquire Spectrum Brands' HHI division, including Kwikset, among other brands, for a purchase price of $4.3 billion. The transaction was initially expected to close in the fourth quarter of 2021. On June 20, 2023, the purchase of the "HHI" division of Spectrum Brands was completed, this included the Kwikset brand.
In October 2023, Assa Abloy acquired New York-headquartered manufacturer of high-security mechanical and electronic door hardware products in the U.S., Securitech Group Inc. [35]
In late July 2024, Assa Abloy announced plans to acquire SKIDATA from the Kudelski Group. [36]
140.7 kr billion [2] (2023)
