Tag: Nico Delvaux
ASSA ABLOY acquires Securitech Group
October 4, 2023SSN Staff
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...
ASSA ABLOY acquires Brazil-based Inovadoor
October 3, 2023SSN Staff
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...
ASSA ABLOY holds Q2 presentation, announces acquisition of Evolis
July 19, 2023Ken Showers, Managing Editor
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...
The hoi polloi, according to ABLOY
July 19, 2023Ken Showers, Managing Editor
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...
ASSA ABLOY announces Q2 presentation
July 14, 2023SSN Staff
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...
ASSA ABLOY reaches settlement with U.S. Department of Justice
May 6, 2023Ken Showers, Managing Editor
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...
ASSA ABLOY delivers positive Q1 results in midst of trial proceedings
April 28, 2023Ken Showers, Managing Editor
WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings.
On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...
Janam Technologies acquired by ASSA ABLOY
December 27, 2022SSN Staff
STOCKHOLM – The U.S.-based Janam, a provider of handheld mobile computer and readers, has been acquired by ASSA ABLOY. Terms were not disclosed.
The announcement made on Dec. 27 will enhance the company's Home Improvement Division’s (HID) event access portfolio, ASSA ABLOY said, and will now include handheld readers for ticket scanning using barcode and RFID technology, including NFC.
"We welcome Janam to the HID family and look forward to leveraging their mobile...
ASSA ABLOY completes sale of Emtek and Smart Residential toward HHI acquisition
December 2, 2022SSN Staff
YARMOUTH, Maine – On Dec. 2 ASSA ABLOY announced that it has entered into binding agreements with Fortune Brands Home & Security with regard to the sale of its Emtek and Smart Residential businesses.
Following ASSA ABLOY’s bid to acquire Spectrum Brands HHI (Home and Hardware Improvement) division, the U.S. Department of Justice (DoJ) filed an antitrust lawsuit to block it on Sept. 15, 2022. As part of efforts to clear a path for the acquisition ASSA ABLOY moved to divest...
Assa Abloy shows growth in Q3, commits to HHI acquisition
October 28, 2022Ken Showers, Managing Editor
STOCKHOLM – This week lock maker and security giant Assa Abloy presented its Q3 financial results, with strong growth despite signs of a market slowdown.
The conference call opened with remarks from Assa Abloy President, CEO & Head, Global Technologies Division Nico Delvaux. The company experienced an organic sales growth of 14 percent which Delvaux credited to Entrance Systems and the America’s contributions, as well as Global Technologies. Net sales have increased 33 percent with...