ASSA ABLOY has announced acquiring Olimpia Hardware, renowned glass hardware and accessories brand in Latin America and the Caribbean. "I am very pleased to welcome Olimpia into the ASSA ABLOY Group. This constitutes an important next step in our strategy to grow market leadership in emerging markets,” said Nico Delvaux, President and Chief Executive Officer (CEO) of ASSA ABLOY. Acquisition of Olimpia Hardware "The addition of Olimpia complements our business in Latin America, further supporting the growing trend of openings utilizing glass and aluminum products," said Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. Olimpia Hardware was established in 1999 and serves Latin America and the Caribbean regions. ASSA ABLOY will continue to sell Olimpia branded products across the region. Sales for 2019 amounted to about 13 MUSD (approx. 125 MSEK) with a good EBIT margin. The acquisition will be accretive to EPS from start.
ASSA ABLOY has acquired LifeSafety Power, a US supplier of smart integrated access control power solutions for OEMs, integrators and end-users. "I am very pleased to welcome LifeSafety Power into the ASSA ABLOY Group. LifeSafety Power constitutes a strategic addition to the Group and reinforces our position in access control solutions,” says Nico Delvaux, President and CEO of ASSA ABLOY. Access control portfolio "LifeSafety Power is a great complement to our access control portfolio – we are looking forward to incorporating their knowledge of power supply as well as power consumption throughout our access control portfolio," says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. LifeSafety Power was established in 2009 and has some 65 employees. The main office is located in Libertyville, Illinois. Sales for 2019 are expected to reach about USD 30 million (approx. SEK 290 million) with a good EBIT margin and the acquisition will be accretive to EPS from start.
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