ASSA ABLOY to acquire KEYpar Systems from Union Capital.

ASSA ABLOY has signed an agreement to acquire KEYper Systems, a leading supplier of electronic and mechanical key management systems in the US with a strong presence in the automotive segment. Financial terms were not disclosed. "I am very pleased to welcome KEYper Systems into the ASSA ABLOY Group. The acquisition of KEYper Systems enhances our global product offering in this area and will provide synergy opportunities in North America and other markets," says Nico Delvaux, President and CEO of ASSA ABLOY.