M&A Deal Summary

ASSA ABLOY Acquires Luxer One

On December 19, 2018, ASSA ABLOY acquired safety/security company Luxer One

Acquisition Highlights
  • This is ASSA ABLOY’s 13th transaction in the Safety/Security sector.
  • This is ASSA ABLOY’s 20th transaction in the United States.
  • This is ASSA ABLOY’s 5th transaction in California.

M&A Deal Summary
Date 2018-12-19
Target Luxer One
Sector Safety/Security
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

Luxer One

Sacramento, California, United States
Luxer One is a technology company specializing in secure delivery and picks up of goods. The company's smart package lockers and controlled access technology are used across industries, including residential, retail, office, and university. The Luxer One team started innovating 24/7 automated locker solutions in San Francisco in 2005, with the Luxer One brand launching in 2013. The company has performed over 17 million locker deliveries globally through its advanced technology platform. Luxer One was established in 2013 and has approximately 130 employees. The head office is located in Sacramento, California.

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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 83 of 127
Sector (Safety/Security) 13 of 18
Type (Add-on Acquisition) 80 of 122
State (California) 5 of 9
Country (United States) 20 of 34
Year (2018) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Lorient Polyproducts

Devon, United Kingdom

Lorient Polyproducts Ltd. is a designer and manufacturer of high-performance door sealing systems based in the UK with half of the sales exported outside of the UK and EU. Lorient was established in 1979 and has approximately 135 employees. The head office is located in Newton Abbot, Devon, UK.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Pacific Door Systems

Lower Hutt, New Zealand

Pacific Door Systems Ltd. is a manufacturer of commercial doors & window systems. Pacific Doors specialises in the bespoke manufacture of high-performance door and window systems for fire, acoustic, security, hospital, ballistic and commercial purposes. Pacific Door Systems Ltd. was founded in 1992 and is based in Lower Hutt, New Zeland.

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Mergr

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