ASSA ABLOY has acquired Securitech Group Inc., a manufacturer of high-security mechanical and electronic door hardware products in the U.S.
ASSA ABLOY CEO and president Nico Delvaux says the move strengthens its presence in mature markets by adding complementary products and solutions to its core business.
“Securitech’s focus on innovative, high-security locking solutions fills several gaps in our existing door hardware portfolio, and I’m excited for them to be part of ASSA ABLOY,” adds Lucas Boselli, ASSA ABLOY’s executive vice president and head of the Americas Division. “This acquisition provides a great opportunity to enhance further our core offering to education, critical infrastructure, government, behavioral health and other high-security markets.”
Securitech was established in 1983 and has around 50 employees. The main office and factory are located in Queens, New York. Its sales for 2022 amounted to about $16 million with strong earnings before interest and taxes margin. The acquisition will be accretive to earnings per share from the start.