Tag: Nico Delvaux
ASSA ABLOY sees signs of turnaround in residential market
February 13, 2026Ken Showers, Managing Editor
STOCKHOLM — The worst may be over for the residential market, said ASSA ABLOY CEO Nico Delvaux during a recent earnings call.
“We definitely believe that the residential market has bottomed out and that, from here, we will start to see some recovery,” CEO Nico Delvaux told investors, pointing to early signs of improvement in select markets.
The company’s fourth quarter and full-year results were strong overall, but familiar trends persisted:...
ASSA ABLOY acquires U.S.-based Sargent and Greenleaf
December 5, 2025SSN Staff
STOCKHOLM—ASSA ABLOY has announced the acquisition of Sargent and Greenleaf, a U.S. manufacturer of high-security mechanical and electronic locking solutions and safe hardware.
"I am very pleased to welcome Sargent and Greenleaf to ASSA ABLOY. 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.
“Sargent...
ASSA ABLOY acquires U.S.-based International Door Products
November 25, 2025SSN Staff
STOCKHOLM—ASSA ABLOY has announced the acquisition of International Door Products (IDP), a U.S.-based manufacturer of standard and custom fire-rated steel door frames.
"I am very pleased to welcome IDP to ASSA ABLOY. 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.
"This acquisition marks an exciting milestone...
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...
ASSA ABLOY acquires U.S.-based Metal Products Inc.
October 27, 2025SSN Staff
STOCKHOLM—ASSA ABLOY has announced the acquisition of Metal Products Inc. (MPI), a U.S.-based manufacturer of custom-made hollow metal doors and frames.
"I am very pleased to welcome MPI to ASSA ABLOY. 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.
“MPI has built a strong reputation in our industry for trusted,...
ASSA ABLOY acquires U.S.-based SiteOwl
August 18, 2025SSN Staff
STOCKHOLM—ASSA ABLOY has announced the acquisition of SiteOwl, a cloud-based platform that modernizes physical security lifecycle management.
This strategic move combines SiteOwl’s purpose-built SaaS platform with ASSA ABLOY’s global leadership in access control.
"I am very pleased to welcome SiteOwl to ASSA ABLOY, an exciting technological addition that will reinforce our current offering within physical security lifecycle management, and provide complementary growth...
ASSA ABLOY posts decent Q2, but high interest rates and tariffs loom large in the Americas
July 23, 2025Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY credited its decentralized strategy for its positive organic volume growth for the second quarter in a row, but challenging market conditions in the West and a decline in sales for EMEIA and Asia Pacific cast a pall over gains.
During a recent webcast, President and CEO Nico Delvaux expressed optimism for the company’s performance, backed by 3% organic growth and acquired net growth of 5% for the second quarter. This is despite a decline in growth for China...
ASSA ABLOY acquires Kingspan Door Components
June 30, 2025SSN Staff
STOCKHOLM — ASSA ABLOY has acquired Kingspan Door Components, a Belgian manufacturer offering a large range of door panels for sectional doors for both residential and industrial applications.
"I am very pleased to welcome Kingspan Door Components to ASSA ABLOY. 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.
"Integrating...
ASSA ABLOY navigates U.S. economic climate
May 9, 2025Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY plans to increase prices between 1% and 2% this year in the face of an uncertain economic climate in the U.S., company officials said during a recent webcast.
During the Q&A portion of the webcast, ASSA ABLOY President and CEO Nico Delvaux said, with the threat of tariffs altering the global economic landscape in a chaotic and shifting manner almost daily, it was difficult to provide guidance but that price increases would be part of mitigations, among other...
An uncertain political climate
February 13, 2025Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY CEO Nico Delvaux believes the company’s “decentralized organization” will help it weather an uncertain political climate that includes U.S. tariffs on steel imports.
“I would say we also continue to live in an uncertain political climate where potential tariffs come and go,” Delvaux said during a recent conference call to discuss the company’s fourth quarter financial results. “That's something we have to live with...