Add-on Acquisition • Information Technology

ASSA ABLOY Acquires Messerschmitt Systems

On April 3, 2024, ASSA ABLOY acquired information technology company Messerschmitt Systems from IK Partners

Acquisition Context
  • This is ASSA ABLOY’s 3rd transaction in the Information Technology sector.
  • This is ASSA ABLOY’s 3rd transaction in Germany.

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M&A Deal Summary

Date April 3, 2024
Target Messerschmitt Systems
Sector Information Technology
Buyer(s) ASSA ABLOY
Sellers(s) IK Partners
Deal Type Add-on Acquisition

Target Company

Messerschmitt Systems

Nuremberg, Germany
Messerschmitt Systems is a manufacturer of specialized access control and room management systems. More than 2,000 hotels are using Messerschmitt Systems worldwide. Messerschmitt Systems was founded in 1994 and is based in Nuremberg, Germany.
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Buyer Overview 1

Buyer

ASSA ABLOY

Stockholm, Sweden

Category Company
Founded 1954
Sector Manufacturing
Employees64,460
Revenue 150.2B SEK (2024)
DESCRIPTION

ASSA ABLOY is a provider of access solutions. Every day, help people feel safe, secure, and experience a more open world. ASSA ABLOY was founded in 1954 and is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 122 of 147
Sector: Information Technology 3 of 6
Type: Add-on Acquisition 118 of 142
Country: Germany 3 of 7
Year: 2024 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Nomadix

Woodland, California, United States

Nomadix is a Wi-Fi access and engagement platform solution for the hospitality and commercial real estate industry. The companies offer a comprehensive tech platform of hardware, software, and analytics tools to securely connect and engage with customers and devices via Wi-Fi networks. Nomadix was formed in 1998 and is based in Woodland, California.

Buy -
FOLLOWING 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.

Buy -

Seller Profile 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


Deal Context for Seller #
Overall 114 of 123
Sector: Information Technology 4 of 5
Type: Add-on Acquisition 42 of 44
Country: Germany 15 of 15
Year: 2024 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Checkmate Fire

West Yorkshire, United Kingdom

Checkmate Fire is a passive fire protection company, providing fully compliant services including survey, design, specification and installation of solutions for fire stopping/air sealing, compartmentation, fire boarding and structural steel protection. The Company also specialises in fire door surveying, restoration and installation, and provides a fully bespoke range of fire resistant glazing solutions. Checkmate Fire was founded in 1989 and is based in West Yorkshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-22 Eres Group

Paris, France

Eres Group is a distributor of employee savings products (PEE, PEI, PERCO and PERCOI) and pension insurance products (PERP, company PERP) through a network of more than 1,700 IFAs, insurance brokers and accountants. Eres Group was founded in 2005 and is based in Paris, France.

Sell -