Tag: Evolis
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,” said Nico Delvaux, president and CEO of ASSA ABLOY.
Securitech was established in 1983 and has roughly...
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...