ASSA Abloy Acquires Securitech
Securitech’s high-security locking solutions fill several gaps in ASSA Abloy’s existing door hardware portfolio.
“I am very pleased to welcome Securitech into the ASSA ABLOY Group,” says Nico Delvaux, president and CEO of ASSA ABLOY, in the company announcement. “This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business.
“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,” says Lucas Boselli, executive vice president of ASSA ABLOY and Head of the Americas Division, in the announcement.
“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,” he says.
Securitech was established in 1983 and has about 50 employees.
Why ASSA Abloy Wanted Securitech
Longtime Securitech president Mark Berger called the deal “the logical step to deliver our great solutions to many, many more people who will benefit from our great innovations” in a LinkedIn post.
“We’ve worked this organization since their first U.S. acquisition (Arrow, which was a supplier) and have watched them grow,” he wrote. “Their culture and values fit perfectly with Securitech and I have had the honor of working alongside some great people from their team in my BHMA, DHI, ASIS & PASS volunteer activities.
“They are committed to the same principles we espouse, and they are leaders in elevating our industry. My father (Simon) and I couldn’t have dreamed of a better partner as the steward of Securitech’s future,” wrote Berger.
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