Assa Abloy engages in spate of acquisitions to spur growth
Assa Abloy is the world’s biggest lockmaker, and a market-leader in the security space, selling everything from fire doors and padlocks to panic rooms and connected security systems. Since 1994, the company has engaged in a growth-through-acquisition strategy that has seen it buy more than 200 businesses. And, according to recent news, it’s not slowing down.
Assa Abloy’s share price has increased by 1% so far in 2019
Source: Yahoo Finance
In December, Assa Abloy acquired four companies: Pacific Door Systems (a leading manufacturer of commercial doors and window systems in New Zealand), Lorient (a leading designer and manufacturer of high-performance door sealing systems), Exidor (an established maker of “panic and emergency exit hardware in the UK”), and Luxor One (an advanced package locker solutions business in the US).
The geographical and product scope of these acquisitions goes a long way to demonstrate Assa Abloy’s position in the security market globally. The most recent of them is the acquisition of Exidor, which will continue to operate as an autonomous business, and bring its strong management and commercial teams into Assa Abloy’s fold.
Harry Warrender, Assa Abloy’s market region manager opening solutions UK and Ireland, said: “Exidor are an exciting addition to our UK business and I am delighted to welcome their team into ASSA ABLOY. It offers an extensive high-quality range of panic and emergency exit hardware with a strong track record of innovation. Their portfolio will extend the ASSA ABLOY offering into the UK commercial market.”
Dominion holds Assa Abloy in its Global Trends Managed Fund.
If you would you like to receive the Newsfeeds daily, please click here to sign up now!Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.