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  5. ASSA ABLOY Acquires Aontec Teoranta

M&A Deal Summary

ASSA ABLOY Acquires Aontec Teoranta

On July 3, 2007, ASSA ABLOY acquired technology hardware company Aontec Teoranta

Acquisition Highlights
  • This is ASSA ABLOY’s 2nd transaction in the Technology Hardware sector.
  • This is ASSA ABLOY’s 1st transaction in Ireland.

M&A Deal Summary
Date 2007-07-03
Target Aontec Teoranta
Sector Technology Hardware
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

Aontec Teoranta

Baile na hAbhann, Ireland
Aontec Teoranta is a designing, manufacturing and supplying RFID inlays for secure electronic documents such as passports and national ID cards.

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Buyer(S) 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 STATS #
Overall 15 of 147
Sector: Technology Hardware M&A 2 of 11
Type: Add-on Acquisition M&A Deals 14 of 142
Country: Ireland M&A 1 of 2
Year: 2007 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-03 HID Global

Austin, Texas, United States

HID Global Corporation provides secure identity solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-09 BAODEAN Security Products Co.

Taizhou, China

BAODEAN Security Products Co., Ltd. is a manufactures and distributes anti-theft door locks and cylinders mainly for the Chinese market.

Buy -
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