ASSA ABLOY announced it has signed an agreement to acquire Alcea, a provider of security supervision software and associated access control hardware based in France.
“I am very pleased to welcome Alcea into the ASSA ABLOY Group. This company will reinforce our offering within critical infrastructure and will provide complementary growth opportunities,” said Nico Delvaux, president and CEO of ASSA ABLOY in a company statement.
“Alcea offers high-quality and innovative digital solutions under a strong and well-known brand, and the acquisition will further advance our position as a full solutions provider. I welcome Alcea’s experienced team and I am convinced that we together will continue our successful journey,” added Stephanie Ordan, executive vice-president and head of Global Technologies business unit, Global Solutions.
Alcea was established in 1995 and has approximately 120 employees.
Sales for 2021 amounted to about 20 million Euros.
The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2022.
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