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ASSA ABLOY leverages digital shift to offset residential market decline

October 29, 2025Ken Showers, Managing Editor

STOCKHOLM — Interest rates continue to batter the residential market in the U.S., but ASSA ABLOY is still on track for a strong year thanks to solid growth in its electromechanical business. The company reported a strong currency-adjusted growth of 12% year to date for the electromechanical business, with President and CEO Nico Delvaux telling investors the business is transforming the company – and the industry. “We continue to see that shift from mechanical to...

2025, Assa Abloy, electromechanical, Nico Delvaux, recurring revenue, Residential, Third Quarter (Q3)