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  6. ASSA ABLOY Acquires Securitron Magnalock

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
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 1 of 147
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 142
State: Nevada M&A 1 of 1
Country: United States M&A 1 of 43
Year: 1998 M&A 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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