M&A Deal Summary

ASSA ABLOY Acquires Doorman Services

On February 1, 2005, ASSA ABLOY acquired building materials company Doorman Services from HomeServe for 7M GBP

Acquisition Highlights
  • This is ASSA ABLOY’s 5th transaction in the Building Materials sector.
  • This is ASSA ABLOY’s 2nd largest (disclosed) transaction.
  • This is ASSA ABLOY’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2005-02-01
Target Doorman Services
Sector Building Materials
Buyer(s) ASSA ABLOY
Sellers(s) HomeServe
Deal Type Divestiture
Deal Value 7M GBP

Target

Doorman Services

Loughton, United Kingdom
website
Doorman Services Ltd. is a manufacturer and supplier of door, access and security services to commercial, industrial, public sector and utility clients.

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Buyer(S) 1

Buyer

ASSA ABLOY

Stockholm, Sweden

website

Category Company
Founded 1954
Sector Manufacturing
Employees50,727
Revenue 87.6B SEK (2020)
DESCRIPTION

The Assa Abloy Group is a Swedish lock manufacturer, and is the world's largest lock manufacturer by sales volume. ASSA ABLOY was founded in 1954 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 8 of 121
Sector (Building Materials) 5 of 54
Type (Divestiture) 1 of 4
Country (United Kingdom) 1 of 11
Year (2005) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-13 Best Metaline

Seoul, South Korea

Best Metaline Co., Ltd. is a specialized in commercial architectural hardware, which includes products such as door locksets, door closers, hinges as well as automatic doors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-06 Security World

Randburg, South Africa

Security World is a chain of home security stores.

Buy -

Seller(S) 1

SELLER

HomeServe

Walsall, United Kingdom

website

Category Company
Founded 1991
Sector Consumer Services
Employees7,400
Revenue 1.3B GBP (2021)
DESCRIPTION

HomeServe is a home assistance company providing plumbing, drainage, electrics and heating maintenance and repair services through its own network of directly employed and sub-contracting specialist engineers. HomeServe was founded in 1991 and is based in Walsall, the United Kingdom.

DEAL STATS #
Overall 1 of 3
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 3
Country (United Kingdom) 1 of 3
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Domeo SAS

Lyon, France

Domeo SAS engages in the provision of insured home emergency policies in France with 890,000 customers and 2.3m policies. The company was incorporated in 2001 and is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-23 OnSite Central

Worcester, United Kingdom

OnSite Central Ltd. is a wastewater management contracting company and serves construction, transport, industrial, power, and domestic clients, as well as utilities, waterways, and local authorities.

Sell £4M
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