Tag: Nico Delvaux
An uncertain political climate
February 13, 2025Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY CEO Nico Delvaux believes the company’s “decentralized organization” will help it weather an uncertain political climate that includes U.S. tariffs on steel imports.
“I would say we also continue to live in an uncertain political climate where potential tariffs come and go,” Delvaux said during a recent conference call to discuss the company’s fourth quarter financial results. “That's something we have to live with...
ASSA ABLOY acquires U.S.-based InVue
January 29, 2025SSN Staff
STOCKHOLM—ASSA ABLOY recently announced the acquisition of InVue, a U.S.-based provider of precision-engineered connected asset protection and access control solutions.
InVue enables tailor-made security solutions to a broad spectrum of industries and retailers. The company was founded in 1986 and has some 260 employees, with its main office located in Charlotte, N.C.
"I am very pleased to welcome the InVue team to ASSA ABLOY. This acquisition delivers on our strategy to grow our...
ASSA ABLOY acquires 3millID and Third Millennium
January 8, 2025SSN Staff
STOCKHOLM—ASSA ABLOY announced it has signed an agreement to acquire 3millID and Third Millennium, companies that provide readers and credentials for physical access control based in the U.S. and U.K.
Founded in 2015 and headquartered in Highlands Ranch, Colo., 3millID is a solutions provider of proprietary access control readers and technology-enabled products to enterprise end customers in North America. Third Millennium, founded in 1996 and based in Wales, U.K., is a provider of...
ASSA ABLOY acquires Norshield Security Products
December 18, 2024SSN Staff
STOCKHOLM — ASSA ABLOY has announced the acquisition of Norshield Security Products (“Norshield”), a U.S. manufacturer of high-security openings and enclosures.
Norshield was founded in 1981 and has some 70 employees. The main office and factory are located in Montgomery, Ala.
"I am very pleased to welcome Norshield into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products...
ASSA ABLOY acquires Finland’s 9Solutions
December 3, 2024SSN Staff
STOCKHOLM—ASSA ABLOY has announced the acquisition of 9Solutions, a Finnish provider of highly integrated AI-powered real-time locating healthcare solutions for critical communication and collaboration, with a focus on senior care.
This is the second acquisition for ASSA ABLOY in as many days after adding U.S. manufacturer Premier Steel Doors and Frames to its portfolio on Dec. 2.
"I am very pleased to welcome 9Solutions into the ASSA ABLOY Group, an exciting technological addition...
ASSA ABLOY acquires Premier Steel Doors and Frames
December 2, 2024SSN Staff
STOCKHOLM—ASSA ABLOY has announced the acquisition of Premier Steel Doors and Frames, a U.S. manufacturer of hollow metal doors and frames, metal building door systems, and aluminum windows.
"I am very pleased to welcome Premier into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” said Nico Delvaux, president and CEO of ASSA ABLOY.
"Premier...
ASSA ABLOY acquires Lawrence Doors
November 6, 2024SSN Staff
STOCKHOLM — ASSA ABLOY has acquired Lawrence Doors, a U.S. manufacturer of coiling steel doors, grilles and counter shutters.
Lawrence Doors was founded in 1925 and has some 120 employees. The main office and factory are located in Baldwin Park, Calif. Lawrence Doors will be part of the Business Segment Residential within the Entrance Systems Division.
"I am very pleased to welcome Lawrence Doors into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our...
ASSA ABLOY justifies Citizen ID divestment
October 29, 2024Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY CEO Nico Delvaux said the company recently divested Citizen ID, its physical and mobile identity solutions business, because it was playing too much catch up in that market.
“As you know, we, we constantly look at our portfolio and from time to time we decide that something does not fit the portfolio,” he said during the company’s 2024 Q3 earnings call. “I think if you look at the time that I've been here since 2018, I think we did...
ASSA ABLOY agrees to sell Citizen ID business to TOPPAN
October 18, 2024SSN Staff
STOCKHOLM, Sweden—ASSA ABLOY announced it has signed an agreement to sell its Citizen ID business to TOPPAN.
The Citizen ID business area of HID manufactures, designs, and implements physical and mobile identity solutions for government to citizen programs around the globe. Citizen ID has some 450 employees with manufacturing facilities in Ireland, Malta and the U.S. Sales in 2023 amounted to about SEK 1,300 M.
"I find it very satisfying that with TOPPAN, Citizen ID and its employees...
ASSA ABLOY acquires California-based Level Lock
September 10, 2024SSN Staff
STOCKHOLM —ASSA ABLOY announced it has acquired Level Lock, a technology solutions business based in Redwood City, Calif.
"I am very pleased to welcome Level Lock into the ASSA ABLOY Group. This acquisition is an exciting technological addition to the ASSA ABLOY Group and will provide complementary growth opportunities,” said Nico Delvaux, president and CEO of ASSA ABLOY.
"The acquisition of Level Lock complements ASSA ABLOY’s technology portfolio and strengthens...