M&A Deal Summary

STRATTEC and Actuator Systems Acquire NextLock

On April 16, 2013, STRATTEC and Actuator Systems acquired safety/security company NextLock

Acquisition Highlights
  • This is STRATTEC’s 1st and Actuator Systems’ 1st transaction in the Safety/Security sector.
  • This is STRATTEC’s 2nd and Actuator Systems’ 1st transaction in the United States.
  • This is STRATTEC’s 1st and Actuator Systems’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2013-04-16
Target NextLock
Sector Safety/Security
Buyer(s) STRATTEC
Actuator Systems
Deal Type Joint Venture

Target

NextLock

Milwaukee, Wisconsin, United States
NextLock LLC offer home security systems including wired systems, wireless systems, monitored systems, security cameras, cctv systems, and motion sensors.

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Buyer(S) 2

Buyer

STRATTEC

Milwaukee, Wisconsin, United States
Category Company
Founded 1908
Sector Automotive
Employees3,831
Revenue 538M USD (2024)
DESCRIPTION

STRATTEC is a designer, developer, manufacturer and marketer of mechanical locks, electronically enhanced locks and keys, and ignition lock housings; access control products, including latches, power sliding door systems, power lift gate systems, power deck lid systems, door handles and related access control products for North American and global automotive customers. STRATTEC was founded in 1908 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 2 of 2
Sector (Safety/Security) 1 of 1
Type (Joint Venture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-13 Delphi - Power Products

United States

Delphi - Power Products business designs and assembles advanced motion control and closure systems used in power sliding door (PSD) and power liftgate (PLG) applications.

Buy -
Buyer

Actuator Systems

Davenport, Florida, United States
Category Company
Sector Safety/Security
DESCRIPTION

Actuator Systems manufactures biometric deadbolt locks under the NextBolt brand and our commercial handle lock the ReliTouch series (the best selling line of biometric locks in North America).

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Joint Venture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Mergr

Product

Company

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