M&A Deal Summary

ASSA ABLOY Acquires LifeSafety Power

On September 4, 2019, ASSA ABLOY acquired technology hardware company LifeSafety Power

Acquisition Highlights
  • This is ASSA ABLOY’s 5th transaction in the Technology Hardware sector.
  • This is ASSA ABLOY’s 22nd transaction in the United States.
  • This is ASSA ABLOY’s 1st transaction in Illinois.

M&A Deal Summary
Date 2019-09-04
Target LifeSafety Power
Sector Technology Hardware
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

LifeSafety Power

Libertyville, Illinois, United States
LifeSafety Power, Inc. engages in Smarter Power Solutions and remote monitoring capabilities, providing modular AC, DC, and PoE systems to meet the growing needs of the life safety industry. FlexPower uses a unique modular design that allows for many system configurations such as single, dual or multi-voltage outputs and power distribution, control, or signaling, fire alarm interface with failsafe, failsecure lock control, plus network communication, all of which are standard in one advanced multi-listed system platform.

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Buyer(S) 1

Buyer

ASSA ABLOY

Stockholm, Sweden
Category Company
Founded 1954
Sector Manufacturing
Employees62,538
Revenue 140.7B SEK (2023)
DESCRIPTION

ASSA ABLOY 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 86 of 127
Sector (Technology Hardware) 5 of 9
Type (Add-on Acquisition) 83 of 122
State (Illinois) 1 of 1
Country (United States) 22 of 34
Year (2019) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 KEYper Systems

Harrisburg, North Carolina, United States

KEYper Systems is a provider of electronic and mechanical key management systems in the US with a strong presence in the automotive segment. KEYper Systems was founded in 1993 and is based in Harrisburg, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 Placard Pty

Melbourne, Australia

Placard Pty Ltd. core business is manufacturing, personalisation and fulfilment of plastic card products within its high-security facility located in Bayswater, Victoria which is accredited by Visa, MasterCard, Amex and Diners Club. Placard manufactures card products such as Financial Cards, Driver Licences, Loyalty Cards, Gift Cards, and Photo I.D products for customers in Australia and New Zealand and around the world.

Buy -
Mergr

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