ASSA ABLOY acquires KEYper Systems in the U.S.
STOCKHOLM – ASSA ABLOY has signed an agreement to acquire KEYper Systems, a supplier of electronic and mechanical key management systems in the U.S. with a presence in the automotive segment.
January 14, 2019 By SP&T Staff
“I am very pleased to welcome KEYper Systems into the ASSA ABLOY Group. The acquisition of KEYper Systems enhances our global product offering in this area and will provide synergy opportunities in North America and other markets,” said Nico Delvaux, president and CEO of ASSA ABLOY, in a prepared statement.
An ASSA ABLOY executive says KEYper Systems will complement its products within intelligent key and asset management solutions offered by Traka, part of the business unit ASSA ABLOY Global Solutions.
“The acquisition will also strengthen our position and installed based in the US as well as provide an attractive opportunity to accelerate our global growth,” said Christophe Sut, executive vice president and head of Global Technologies business unit ASSA ABLOY Global Solutions.
KEYper Systems was established in 1993 and has approximately 25 employees. The head office is located in Harrisburg, North Carolina.
The acquisition is expected to close during the first quarter of 2019.
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