Tag: Nico Delvaux

STOCKHOLM — ASSA ABLOY has signed an agreement to acquire SKIDATA, an international provider of access management solutions. "I am very pleased to welcome the SKIDATA team into the ASSA ABLOY Group. This acquisition delivers on our strategy to grow our business in mature markets through adding complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY. "SKIDATA's attractive product portfolio and strong performance...

STOCKHOLM — ASSA ABLOY posted strong numbers for the second quarter, thanks to savvy acquisitions, but interest rates and below expectation housing starts resulted in another weak showing for the company’s residential business.   Big picture  By the numbers, the company posted a net sales increase of 10% to SEK 37,968 M (34,474), with organic growth of -1% and acquired net growth of 11%.   “Good sales growth in EMEA and Americas from an organic...

STOCKHOLM — ASSA ABLOY announced that it has acquired Wesko Locks Ltd, a Canadian manufacturer and supplier of electronic and specialty locks. This acquisition marks the latest for ASSA ABLOY who also acquired access control developer and manufacturer Messerschmitt Systems in April, as well as wi-fi access and engagement platform solutions providers Nomadix and Global Reach in March this year. ASSA ABLOY’s aggressive acquisition strategy recently put it at odds with the U.S. Department...

STOCKHOLM – As challenges continue to mount in the residential security market in the U.S., ASSA ABLOY is making sure it “adapts cost to the new reality,” says President and CEO Nico Delvaux.  “It's clear that we continue to operate in an uncertain economic climate,” he said. “As I said in previous quarters, we will continue to take advantage of those opportunities we see in the market. There are still regions where we see very good momentum. There...

STOCKHOLM – ASSA ABLOY has signed an agreement to acquire Nomadix and Global Reach, U.S. and UK-based providers of Wi-Fi access and engagement platform solutions for the hospitality and commercial real estate industry. The companies offer a comprehensive tech platform of hardware, software and analytics tools to securely connect and engage with customers and devices via Wi-Fi networks. "I am very pleased to welcome Nomadix and Global Reach into the ASSA ABLOY Group. This...

STOCKHOLM – While ASSA ABLOY reported strong gains in its commercial business in the fourth quarter, there's a clear drag on profits in its residential business. It was a strong quarter in many respects for the global manufacturing company, managing a total of six acquisitions in the quarter, and a record number of acquisitions for the year. Several of those acquisitions were in the South American market, where ASSA ABLOY President and CEO Nico Delvaux said the company continues...

STOCKHOLM – ASSA ABLOY has signed an agreement to acquire Amecor (Pty) Ltd, a South African manufacturer of security communications equipment. "I am very pleased to welcome Amecor into the ASSA ABLOY Group. This constitutes a next step in our strategy to further strengthen our position in this important market,” said Nico Delvaux, president and CEO of ASSA ABLOY. "The Amecor team has a 30-year history in the South African security sector with a suite of reliable...

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...

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...