M&A Deal Summary

ASSA ABLOY Acquires Wesko Locks

On June 25, 2024, ASSA ABLOY acquired manufacturer Wesko Locks

Acquisition Highlights
  • This is ASSA ABLOY’s 12th transaction in the Manufacturing sector.
  • This is ASSA ABLOY’s 8th transaction in Canada.
  • This is ASSA ABLOY’s 6th transaction in Ontario.

M&A Deal Summary
Date 2024-06-25
Target Wesko Locks
Sector Manufacturing
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

Wesko Locks

Mississauga, Ontario, Canada
Wesko Locks manufactures specialty locks and locking systems for the Office Furniture and Storage Industries. Furniture locks, including cam locks, drawer locks, cabinet locks, pedestal locks, and file cabinet locks. Locking system components, including anti-tipping and central locking systems. Specialty locks include high-security locks, vending and gaming locks, and glass and display cabinets. Wesko Locks was formed in 1990 and is based in Chipping Norton, United Kingdom.

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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 122 of 127
Sector (Manufacturing) 12 of 13
Type (Add-on Acquisition) 118 of 122
State (Ontario) 6 of 6
Country (Canada) 8 of 8
Year (2024) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Messerschmitt Systems

Nuremberg, Germany

Messerschmitt Systems is a manufacturer of specialized access control and room management systems. More than 2,000 hotels are using Messerschmitt Systems worldwide. Messerschmitt Systems was founded in 1994 and is based in Nuremberg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 SKIDATA

Salzburg, Austria

SKIDATA AG is a providers of access solutions and visitor management. SKIDATA was founded in 1977 and is based in Salzburg, Austria.

Buy -
Mergr

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