Nico Delvaux, CEO and President of Assa Abloy welcomed the company to the group, saying,”this acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our 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, Executive Vice President of Assa Abloy and Head of the Americas Division. “This acquisition provides a great opportunity for us to further enhance our core offering to education, critical infrastructure, government, behavioral health, and other high-security markets.”
Securitech was established in 1983 and has some 50 employees. The main office and factory are located in Maspeth, Queens, New York.
Sales for 2022 amounted to about MUSD 16 (approx. MSEK 160) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.