SP&T News

ASSA ABLOY acquires Canadian manufacturer Wesko Locks

June 25, 2024  By  Neil Sutton

ASSA ABLOY announced it has acquired Wesko Locks Ltd., a Canadian manufacturer and supplier of electronic and specialty locks. The company’s main office and factory are located in Mississauga, Ont.

“I am very pleased to welcome Wesko Locks into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” said Nico Delvaux, president and CEO, ASSA ABLOY in a statement.

“Wesko Locks has an extensive portfolio that complements our current high-security products and solutions,” added Lucas Boselli, executive vice-president of ASSA ABLOY and head of the Americas division. “Their focus on high quality, innovative products and excellent customer service reflects our values and I’m excited for them to be part of ASSA ABLOY.”

Wesko Locks was founded in 1990 and has approximately 70 employees. According to an ASSA ABLOY press release, sales for 2023 amounted to about $22 million.


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