ASSA ABLOY has signed an agreement to acquire August Home, a leading smart lock business in the US. Residential Smart Door Market "I am very pleased to welcome August into the ASSA ABLOY Group. August constitutes a strategic addition to the Group and reinforces our position in the residential smart door market," says Johan Molin, President and CEO of ASSA ABLOY. "August Home strengthens our residential smart door strategy with complementary smart locks, expansion into video doorbells and comprehensive solutions for home delivery," says Thanasis Molokotos, Executive Vice President of ASSA ABLOY and Head of the Americas Division. August Home Sales August was founded in 2013. It is headquartered in San Francisco, California and has approximately 90 employees. Sales for 2018 are expected to reach around USD 60 million (approx. SEK 500 million). The acquisition will be dilutive to EPS. The acquisition is conditional upon regulatory approval and is expected to close during the fourth quarter of 2017.
SNGTM takes a broad look the latest research, and commercial and industrial market trends in the security industry The Security Industry Association (SIA) has announced the agenda for Securing New Ground® (SNGTM), the security industry’s top executive conference, scheduled for Oct. 28-29, 2015, at the Millennium Broadway Hotel in New York City. The SNGTM 2015 This executive forum takes a comprehensive look at the state of the security industry, the latest research, and commercial and industrial market trends impacting business strategies. Over a day-and-a-half of sessions tailored for suppliers, integrators and practitioners, conferees will experience a focused, unbiased event where game-changing information is exchanged, and business gets done. “In the last several years of SNGTM, we have mapped incredible change in the security industry to the benefit of our members and conferees,” said V. John Stroia, Chief Operating Officer of The Will-Burt Company and SIA Chairman. “I’ve seen firsthand how businesses have been bought and sold and lucrative new deals have been made because of contacts initiated at the SNGTM conference. It is the best place for security industry executives to make things happen.” Some of the top presenters confirmed to date include influential suppliers, integrators and practitioners in the security industry: Suppliers Steven Van Till, President & CEO, Brivo Systems Thanasis Molokotos, President & CEO, ASSA ABLOY Americas Division Ron Virden, President & General Manager, Lenel, Supra and Onity Integrators And Dealers Tim Whall, Chairman & CEO, Protection 1 Jason Oakley, President, North American Video, Inc. Pamela Petrow, President & CEO, Vector Security Inc. Practitioners Bonnie Michelman, Director of Police, Security and Outside Services, Massachusetts General Hospital Brian Allen, Chief Security Officer, Time Warner Dave Cullinane, Founder, TruSTAR Technology LLC New SNGTM Opportunities For the first time, SIA is teaming up with the Global Security Risk Management Alliance (GSRMA) to expand SNGTM opportunities for security practitioners. A half-day practitioners’ session will provide a plain English translation of IT security concepts and actions so any physical security leader can effectively engage in a discussion of cyber security. “As cofounder and president of GSRMA, I have alerted my fellow security practitioners to beware of the blurring distinctions between traditional and logical security. As we work toward an umbrella Enterprise Security Risk Management framework, SNGTM is an excellent venue for practitioners to identify the challenges of a unified security alignment side-by-side with suppliers and security integrators,” said Ray O'Hara, CPP, Executive Vice President of AS Solution. The security sector is evolving at a rapid pace, and SNGTM is essential to properly evaluate new partnerships and key factors that will influence the decisions and investments visitors make in the future.
The transaction is expected to close during Q4 2014 ASSA ABLOY has signed an agreement to acquire ODIS Limitada, a leading supplier of locks, padlocks and steel doors to the Chilean market. "I am very pleased to welcome ODIS into the ASSA ABLOY Group. ODIS constitutes another important step in our strategy to grow market presence in Chile and other emerging markets,” says Johan Molin, President and CEO of ASSA ABLOY. "ODIS is a very exciting addition to the Americas division. This acquisition will enhance our ability to serve our customers in the Chilean market and allows us to offer a total door opening solution in the market," says Thanasis Molokotos, Executive Vice President of ASSA ABLOY and Head of the Americas Division. ODIS, established in 1930, is headquartered in Santiago, Chile and has 240 employees. Sales for 2015 are expected to reach CLP 9.9 bn (approx SEK 120 M). The acquisition will be accretive to EPS from start. The transaction is expected to close during Q4 2014.
Silvana and Metalika represent the Group’s first major acquisitions in the large Brazilian market ASSA ABLOY has signed an agreement to acquire Silvana, a leading lock company, and has acquired Metalika, a leading steel fire door company, both located in Brazil. The acquisitions significantly increase the Group’s footprint in Brazil. "I am very pleased that Silvana and Metalika are joining the ASSA ABLOY Group. Silvana and Metalika represent the Group’s first major acquisitions in the large Brazilian market. This constitutes an important next step in our strategy to grow market presence in emerging markets,” says Johan Molin, President and CEO of ASSA ABLOY. "With these two important acquisitions, ASSA ABLOY will now offer more comprehensive door opening solutions across the large Brazilian market,” says Thanasis Molokotos, Executive Vice President of ASSA ABLOY and Head of the Americas Division. Silvana established in 1964, is located in Campina Grande, Paraiba, in northeastern Brazil. Metalika, established in 1999, is located in Sao Paulo, Brazil. Together they double ASSA ABLOY’s existing presence and add approximately 410 employees. Sales for Silvana and Metalika are expected to reach a combined BRL 85 M (approx SEK 250 M) in 2015 with good EBIT margins. The acquisitions will be accretive to EPS from start. The acquisition of Silvana is expected to close during Q4 2014.
ASSA ABLOY will introduce new products in critical areas, including high security doors, e-cylinders for electronic access control At the 2014 ASIS International Seminar and Exhibits, ASSA ABLOY will announce the introduction of 75 new products, underscoring the company’s commitment to innovation and leadership in the global access control and door opening markets. Founded in 1994, ASSA ABLOY includes 82 brands serving the international commercial buildings marketplace with strong deployment rates in government, education, hospitality and healthcare. At ASIS International in Atlanta next week, the company is poised to introduce new products in critical areas, including high security doors and hardware, e-cylinders for electronic access control plus advanced lock technologies for institutional, commercial and home control applications. In addition, the group will also provide a comprehensive update on sustainable access control and will host a seminar with U.S. Green Building Council and World Green Building Council founder, David Gottfried. At its ASIS booth (#3111), ASSA ABLOY will demonstrate the industry’s most comprehensive range of wireless technologies which can cost effectively secure doors, cabinets, server racks and drawers fully supported by the 26 most progressive access control manufacturers in the industry. To address the growing demand for the convenience and security of mobile access, the company will also showcase several products that support HID Mobile Access® powered by Seos®. This capability will be displayed across multiple platforms, including IP-enabled (Power over Ethernet and Wi-Fi), Integrated Wiegand, and Aperio® wireless access control. “Every day millions of people around the world are safer because ASSA ABLOY opening technologies have been installed in their homes, offices, hospitals, hotels, stores, and schools,” said Thanasis Molokotos, Executive Vice President and Head of Americas Division, ASSA ABLOY. “As the world’s leading manufacturer of premium door opening technologies, we have an opportunity and a responsibility to invest in our continued industry leadership and provide the broader community with strong direction and strong products.” ASSA ABLOY holds over 13,000 patents spanning a wide array of applications, including mechanical, electrical, authentication and advanced security. In 2013 and 2014 the group was named to the Forbes 100 Most Innovative Company List ahead of many globally recognized leaders. “ASIS International 2014 provides ASSA ABLOY with an important, valuable platform from which to showcase the innovations we’ve been working on and are now pleased to bring to market,” Molokotos continued. “Moreover, it provides our team members with an opportunity to meet with and listen to our customers in education, healthcare, retail, government and a host of other important verticals so that we have the deepest understanding of the challenges and opportunities they face - and can engineer solutions to meet these challenges and address the opportunities.”