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Tag: Nico Delvaux


ASSA ABLOY sees strong performance in commercial, but residential still challenging

Residential

ASSA ABLOY sees strong performance in commercial, but residential still challenging

February 7, 2024Ken Showers, Managing Editor

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...

Assa Abloy, biometrics, Fourth Quarter (Q4), HID Global, Mergers & Acquisitions, Nico Delvaux, Residential, Spectrum Brands’ Hardware and Home improvement division (HHI)


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ASSA ABLOY acquires Amecor, sets date for Q4 report

January 29, 2024SSN Staff

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...

Amecor, Assa Abloy, Mergers & Acquisitions, Neil Vann, Nico Delvaux, Security communications


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ASSA ABLOY acquires Securitech Group

Commercial

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, electronic door, Evolis, Inovadoor Portas Industriais Ltda, Lucas Boselli, Nico Delvaux, Securitech, Security


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ASSA ABLOY acquires Brazil-based Inovadoor

October 3, 2023SSN Staff

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...

Assa Abloy, Inovadoor Portas Industriais Ltda, Massimo Grassi, Nico Delvaux


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ASSA ABLOY holds Q2 presentation, announces acquisition of Evolis

Residential

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...

2023, Assa Abloy, Björn Lidefelt, Emmanuel Picot, Evolis, HID Global, Nico Delvaux, Second Quarter (Q2), Spectrum Brands’ Hardware and Home improvement division (HHI)


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Monitoring Matters

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...

Assa Abloy, door locks, Evolis, HID Global, Nico Delvaux, Physical Access, Residential


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ASSA ABLOY announces Q2 presentation

July 14, 2023SSN Staff

YARMOUTH, Maine – Access control and security conglomerate ASSA ABLOY has issued an invitation to interested parties to join the presentation of its second financial quarter results 2023 report. The presentation is scheduled to be held on Wednesday, July 19, at 08:00 a.m. CEST. The company wrote that a conference call and webcast will be held following the release of the results, starting at 9:30 a.m. CEST and continuing until 10:30 a.m. CEST. The presentation will be hosted...

Assa Abloy, Erik Pieder, Financial Results, Nico Delvaux, Second Quarter (Q2), Security


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ASSA ABLOY reaches settlement with U.S. Department of Justice

Residential

ASSA ABLOY reaches settlement with U.S. Department of Justice

May 6, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – Global access solutions provider ASSA ABLOY has resolved its lawsuit with the U.S. Department of Justice (DoJ), paving the way forward for its acquisition of Spectrum Brands’ Hardware and Home Improvement division (“HHI”). On May 5 the company reached a settlement with the DoJ that will see ASSA ABLOY move forward with its divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands. At the time ASSA...

antitrust, Assa Abloy, Emtek, Fortune Brands, Jonathan Kanter, Mergers & Acquisitions, Nico Delvaux, Residential, Smart Residential, Spectrum Brands’ Hardware and Home Improvement division (“HHI”), United States Department of Justice (DOJ)


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ASSA ABLOY delivers Q1 results as trial gets underway

Residential

ASSA ABLOY delivers positive Q1 results in midst of trial proceedings

April 28, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings. On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...

Assa Abloy, commercial, Diane Bartz, Emtek, Global Technologies, Nico Delvaux, perimeter security, Residential, Reuters, Smart Residential, Spectrum Brands, United States Department of Justice (DOJ)


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Janam Technologies acquired by ASSA ABLOY

Commercial

Janam Technologies acquired by ASSA ABLOY

December 27, 2022SSN Staff

STOCKHOLM – The U.S.-based Janam, a provider of handheld mobile computer and readers, has been acquired by ASSA ABLOY. Terms were not disclosed.  The announcement made on Dec. 27 will enhance the company's Home Improvement Division’s (HID) event access portfolio, ASSA ABLOY said, and will now include handheld readers for ticket scanning using barcode and RFID technology, including NFC. "We welcome Janam to the HID family and look forward to leveraging their mobile...

Access Control, Assa Abloy, Björn Lidefelt, Emtek, Home Improvement Division (HID), Janam, Mergers & Acquisitions, NFC, Nico Delvaux, RFID, Smart Residential, Spectrum


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