M&A Deal Summary

ASSA ABLOY Acquires SKIDATA

On July 22, 2024, ASSA ABLOY acquired information technology company SKIDATA

Acquisition Highlights
  • This is ASSA ABLOY’s 4th transaction in the Information Technology sector.
  • This is ASSA ABLOY’s 2nd transaction in Austria.

M&A Deal Summary
Date 2024-07-22
Target SKIDATA
Sector Information Technology
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

SKIDATA

Salzburg, Austria
SKIDATA AG is a providers of access solutions and visitor management. SKIDATA was founded in 1977 and is based in Salzburg, Austria.

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Buyer(S) 1

Buyer

ASSA ABLOY

Stockholm, Sweden
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 123 of 123
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 119 of 119
Country (Austria) 2 of 2
Year (2024) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 Wesko Locks

Mississauga, Ontario, Canada

Wesko Locks manufactures specialty locks and locking systems for the Office Furniture and Storage Industries. Furniture locks, including cam locks, drawer locks, cabinet locks, pedestal locks, and file cabinet locks. Locking system components, including anti-tipping and central locking systems. Specialty locks include high-security locks, vending and gaming locks, and glass and display cabinets. Wesko Locks was formed in 1990 and is based in Chipping Norton, United Kingdom.

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