ASSA ABLOY announced it has acquired Securitech Group, a manufacturer of high-security mechanical and electronic door hardware products based in New York.
“I am very pleased to welcome Securitech 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.
“Securitech’s focus on innovative, high-security locking solutions fills several gaps in our existing door hardware portfolio and I’m excited for them to be part of ASSA ABLOY,” added Lucas Boselli, executive vice-president of ASSA ABLOY and head of the Americas division. “This acquisition provides a great opportunity for us to further enhance our core offering to education, critical infrastructure, government, behavioral health and other high-security markets.”
Securitech was established in 1983 and has about 50 employees. Sales for 2022 amounted to about US$16M with a strong EBIT margin, according to a statement.
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