Announced

Completed

ASSA ABLOY completed the acquisition of Kentix.

Synopsis

ASSA ABLOY, a firm that develops, designs, and manufactures a complete range of door opening solutions, completed the acquisition of Kentix, a German designer and manufacturer of monitoring and access control products for datacenters. Financial terms were not disclosed. "I am delighted that Kentix will join the EMEIA Division. Their strong expertise in access control products for data centers aligns well to our Digital & Access Solutions segment vision. Kentix will expand our capability in the fast-growing data center segment delivering an integrated, future-proof security solution that complements our portfolio and positions us well in this critical vertical. We welcome the team at Kentix to the ASSA ABLOY family," Neil Vann, ASSA ABLOY Executive Vice President and Head of EMEIA Division.

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MergerLinks - ASSA ABLOY completed the acquisition of Kentix.