M&A Deal Summary

ASSA ABLOY Acquires Securitron Magnalock

On July 27, 1998, ASSA ABLOY acquired electronics company Securitron Magnalock

Acquisition Highlights
  • This is ASSA ABLOY’s 1st transaction in the Electronics sector.
  • This is ASSA ABLOY’s 1st transaction in the United States.
  • This is ASSA ABLOY’s 1st transaction in Nevada.

M&A Deal Summary
Date 1998-07-27
Target Securitron Magnalock
Sector Electronics
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

Securitron Magnalock

Sparks, Nevada, United States
Securitron Magnalock Corp. is a manufacturer of security products. It offers cabinet locks, touch sense devices, digital entry systems.

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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 1 of 125
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 121
State (Nevada) 1 of 1
Country (United States) 1 of 33
Year (1998) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-11 TRIMEC

Australia

TRIMEC is a manufacturer of electric strikes.

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