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New Deal


Announced

Completed

ASSA ABLOY completed the acquisition of Securitech Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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security systems

Cross Border

Private

Completed

Friendly

Single Bidder

United States

Electronic Components and Equipment

Acquisition

Majority

Synopsis

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ASSA ABLOY, a conglomerate whose offerings include products and services related to locks, doors, gates, and entrance automation, completed the acquisition of Securitech Group, a manufacturer of high-security mechanical and electronic door hardware products. Financial terms were not disclosed. "Securitech's focus on innovative, high-security locking solutions fills several gaps in our existing door hardware portfolio and I'm excited for them to be part of ASSA ABLOY. This acquisition provides a great opportunity for us to further enhance our core offering to education, critical infrastructure, government, behavioral health, and other high-security markets," Lucas Boselli, ASSA ABLOY Executive Vice President.

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