Tag: Nico Delvaux
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...
ASSA ABLOY to acquire SKIDATA
July 22, 2024SSN Staff
STOCKHOLM — ASSA ABLOY has signed an agreement to acquire SKIDATA, an international provider of access management solutions.
"I am very pleased to welcome the SKIDATA team into the ASSA ABLOY Group. This acquisition delivers on our strategy to grow our business in mature markets through adding complementary products and solutions to our core business," says Nico Delvaux, president and CEO of ASSA ABLOY.
"SKIDATA's attractive product portfolio and strong performance...
ASSA ABLOY touts acquisitions
July 17, 2024Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY posted strong numbers for the second quarter, thanks to savvy acquisitions, but interest rates and below expectation housing starts resulted in another weak showing for the company’s residential business.
Big picture
By the numbers, the company posted a net sales increase of 10% to SEK 37,968 M (34,474), with organic growth of -1% and acquired net growth of 11%.
“Good sales growth in EMEA and Americas from an organic...
ASSA ABLOY acquires Wesko Locks
June 26, 2024SSN Staff
STOCKHOLM — ASSA ABLOY announced that it has acquired Wesko Locks Ltd, a Canadian manufacturer and supplier of electronic and specialty locks.
This acquisition marks the latest for ASSA ABLOY who also acquired access control developer and manufacturer Messerschmitt Systems in April, as well as wi-fi access and engagement platform solutions providers Nomadix and Global Reach in March this year. ASSA ABLOY’s aggressive acquisition strategy recently put it at odds with the U.S. Department...