Tag: Assa Abloy

NEW YORK – ASSA ABLOY has acquired the Securitech Group, a manufacturer of high-security mechanical and electronic door hardware products in the U.S. "I am very pleased to welcome Securitech 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,” says Nico Delvaux, President and CEO of ASSA ABLOY. Securitech was established in 1983 and has roughly...

STOCKHOLM—ASSA ABLOY announced it has acquired Inovadoor Portas Industriais Ltda, a Brazilian manufacturer of sectional and high-speed doors. "I am very pleased to welcome Inovadoor into the ASSA ABLOY Group. This acquisition delivers on our strategy to reinforce our current offering within entrance automation in emerging markets,” said Nico Delvaux, president and CEO of ASSA ABLOY. “By leveraging Inovadoor’s local manufacturing capabilities, nationwide reach, and exceptional...

STOCKHOLM – ASSA ABLOY preempted its second fiscal quarter 2023 presentation with the news that the company would be acquiring Evolis through its subsidiary HID Global. The news came roughly an hour before the company’s quarterly presentation detailing their intent to purchase approximately 98.5 percent of shares from the French manufacturer of ID card printers and consumables. "This operation is a tremendous development opportunity for our two groups," Evolis CEO Emmanuel Picot...

I just finished up ASSA ABLOY’s second quarter presentation and they’re still powering on with a new acquisition to sweeten the pot, but those darn residential numbers continue to be a thorn in their side. Bearing that in mind the title of today’s blog is a little tongue in cheek, it's not the little people causing all that softness in the residential market, at least not to the degree that it's currently suffering, that’s a multi-aspected hydra that’s global...

YARMOUTH, Maine – Access control and security conglomerate ASSA ABLOY has issued an invitation to interested parties to join the presentation of its second financial quarter results 2023 report. The presentation is scheduled to be held on Wednesday, July 19, at 08:00 a.m. CEST. The company wrote that a conference call and webcast will be held following the release of the results, starting at 9:30 a.m. CEST and continuing until 10:30 a.m. CEST. The presentation will be hosted...

SAN MATEO, Calif. – Verkada, provider of cloud-managed enterprise building security and management, announced expansive updates across its entire Command product platform. In a release issued by the company, those updates included: enhanced video search, Verkada's next-generation indoor mini dome camera and expanded dome camera line, Verkada's next-generation alarm console, expanded capabilities for Verkada's Intercom, integration with ASSA ABLOY, enhanced air quality monitoring...

IRVING, Texas – Global access control solutions provider ASSA ABLOY announced that Mark Pekovitch has been named the ALWIN and Alkey solutions product manager for ASSA ABLOY Global Solutions – Critical Infrastructure (AAGS-CI). The company said that Pekovitch has spent the last 18 years bringing “best-in-class” products and services to the access hardware industry. Pekovitch will work from the Chicago area and report to managing director Jerry Burhans....

NEW HAVEN, CT – ASSA ABLOY has just announced the launch of two next-generation exit devices, the PE80 Series and the PED4000/PED5000 Series. These devices come courtesy of SARGENT and Corbin Russwin whom ASSA ABLOY identified as long-standing leaders in the premium exit device market and contain industry-first features designed to provide enhanced safety, security, and convenience. The company wrote that SARGENT’s PE80 and Corbin Russwin’s PED4000/PED5000 have been designed...

WESTMINSTER, Colo.—The PSA Network (PSA), the world’s largest consortium of professional systems integrators, announced the recipients of the Technology Partner Award at the recent PSA TEC 2023 (TEC) in Dallas.  PSA awarded Johnson Controls Security Products with the Nova award for achieving highest partner sales and Windy City Wire with the Superstar Partner of the Year Achievement Award for their exceptional partnership.  “Our...

WASHINGTON, D.C. – Global access solutions provider ASSA ABLOY has resolved its lawsuit with the U.S. Department of Justice (DoJ), paving the way forward for its acquisition of Spectrum Brands’ Hardware and Home Improvement division (“HHI”). On May 5 the company reached a settlement with the DoJ that will see ASSA ABLOY move forward with its divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands. At the time ASSA...