M&A Deal Summary

ASSA ABLOY Acquires Phoniro Systems AB

On February 2, 2018, ASSA ABLOY acquired safety/security company Phoniro Systems AB from Alfvén & Didrikson

Acquisition Highlights
  • This is ASSA ABLOY’s 11th transaction in the Safety/Security sector.
  • This is ASSA ABLOY’s 6th transaction in Sweden.

M&A Deal Summary

Date 2018-02-02
Target Phoniro Systems AB
Sector Safety/Security
Buyer(s) ASSA ABLOY
Sellers(s) Alfvén & Didrikson
Deal Type Add-on Acquisition

Target

Phoniro Systems AB

Halmstad, Sweden
Phoniro Systems AB is an integrated digital key management solutions and alarm for homecare and nursing homes. Phoniro Systems AB was established in 2004 and is based in Halmstad, Sweden.

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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 79 of 147
Sector: Safety/Security M&A 11 of 25
Type: Add-on Acquisition M&A Deals 76 of 142
Country: Sweden M&A 6 of 6
Year: 2018 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-19 August Home

San Francisco, California, United States

August Home is a developer and producer of smart locks. August Home was established in 2013 and is headquartered in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 Pioneer Industries

Carlstadt, New Jersey, United States

Pioneer Industries is a provider of steel doors and frames for commercial applications. Pioneer Industries is based in Carlstadt, New Jersey.

Buy -

Seller(S) 1

DESCRIPTION

Alfvén & Didrikson is a growth-stage investment firm focused on small to mid-sized company investments in Northern Europe. The Firm will consider minority or majority positions and seeks situations where the team can add significant value. Alfvén & Didrikson was formed in 2010 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 4 of 11
Sector: Safety/Security M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 6
Country: Sweden M&A 4 of 10
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Gardio

Solna, Sweden

Gardio provides a smart home security solution based on customer friendly technology and a straightforward business model. Gardio was founded in 2010 and is based in Solna, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Transfer Galaxy

Orebro, Sweden

Transfer Galaxy develops a money transfer application that provides democratizing international payments by making remittances cheaper, safer and smarter. Transfer Galaxy was founded in 2014 and is based in Orebro, Sweden.

Buy -