M&A Deal Summary

ASSA ABLOY Acquires Securitech Group

On October 4, 2023, ASSA ABLOY acquired safety/security company Securitech Group

Acquisition Highlights
  • This is ASSA ABLOY’s 17th transaction in the Safety/Security sector.
  • This is ASSA ABLOY’s 29th transaction in the United States.
  • This is ASSA ABLOY’s 2nd transaction in New York.

M&A Deal Summary
Date 2023-10-04
Target Securitech Group
Sector Safety/Security
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

Securitech Group

Maspeth, New York, United States
Securitech Group is a manufacturer of high-security mechanical and electronic door hardware products. Securitech Group was founded in 1983 and is based in Maspeth, New York.

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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 114 of 127
Sector (Safety/Security) 17 of 18
Type (Add-on Acquisition) 110 of 122
State (New York) 2 of 2
Country (United States) 29 of 34
Year (2023) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Forte

Peru

Forte is a residential door locks and padlocks manufacturer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Leone Fence

Mississauga, Ontario, Canada

Leone Fence is a manufacturer, distributor & installer of ornamental iron and chain link fencing. The Company’s products are distributed through a broad network of authorized distributors, as well as directly to fence installers, contractors, and others. Leone Fence was founded in 1975 and headquartered in Mississauga, Ontario.

Buy -
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