Add-on Acquisition • Manufacturing

ASSA ABLOY Acquires Level Lock

On September 10, 2024, ASSA ABLOY acquired manufacturer Level Lock

Acquisition Context
  • This is ASSA ABLOY’s 13th transaction in the Manufacturing sector.
  • This is ASSA ABLOY’s 34th transaction in the United States.
  • This is ASSA ABLOY’s 9th transaction in California.

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M&A Deal Summary

Date September 10, 2024
Target Level Lock
Sector Manufacturing
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target Company

Level Lock

Redwood City, California, United States
Level Lock provides home automation and smart home control. Level Lock was formed in 2016 and is based in Redwood City, California.
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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 125 of 147
Sector: Manufacturing 13 of 17
Type: Add-on Acquisition 121 of 142
State: California 9 of 9
Country: United States 34 of 43
Year: 2024 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 IXLA

Romano, Italy

IXLA is a manufacturer of advanced laser and color personalization systems for cards and passports. IXLA is based in Romano, Italy.

Buy -