ASSA ABLOY acquires Amecor, sets date for Q4 report

STOCKHOLM – ASSA ABLOY has signed an agreement to acquire Amecor (Pty) Ltd, a South African manufacturer of security communications equipment.

"I am very pleased to welcome Amecor into the ASSA ABLOY Group. This constitutes a next step in our strategy to further strengthen our position in this important market,” said Nico Delvaux, president and CEO of ASSA ABLOY.

"The Amecor team has a 30-year history in the South African security sector with a suite of reliable and leading products in the alarm segment. Amecor will reinforce our long-term commitment to the South African and Sub-Saharan markets and there are numerous synergies with our electronic security solutions business, that will add great benefit to our customers,” noted Neil Vann, executive vice president of ASSA ABLOY and head of EMEIA Division.

Amecor was established in 1994 and has some 120 employees. The main office and factory are located in Johannesburg, South Africa. Sales for 2022 amounted to about MZAR 270 (approx. MSEK 170) with a strong EBIT-margin. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the second quarter of 2024.

Additionally, ASSA ABLOY also announced the timing for its fourth quarter (Q4) report 2023. It will release the report on Wednesday, Feb, 7, 2024, at 8:00 a.m. CET. Delvaux and Erik Pieder, CFO, will host a one-hour conference call and webcast at 9:30 a.m. CET. The webcast can be accessed online at www.assaabloy.com/group/en/investors or by dialing the appropriate phone number (Participants in the US should call +1 631 570 56 13. Participants in the UK/Europe should call +44 207 107 06 13).