#ASSA ABLOY #Belgium #Kingspan Door Components #Leuze-En-Hainaut

ASSA ABLOY Expands Its Reach with Kingspan Acquisition

ASSA ABLOY, a global leader in access solutions, has made a significant stride in expanding its product portfolio by acquiring Kingspan Door Components, a firm based in Belgium that specializes in high-quality door panels for sectional doors. This acquisition is a strategic move aimed at bolstering ASSA ABLOY's market presence in mature sectors by integrating innovative solutions into its core business operations.

Nico Delvaux, the President and CEO of ASSA ABLOY, shared his enthusiasm about the acquisition, stating, "I am very pleased to welcome Kingspan Door Components to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business." This merger signifies ASSA ABLOY's commitment to enhancing its capabilities and expanding its offerings in various segments of the market.

Kingspan Door Components has been a reputable name in the industry since its inception in 1983 and currently employs around 70 skilled professionals. The company's headquarters and manufacturing facility are located in Leuze-En-Hainaut, Belgium, which positions it strategically within Europe’s supply chain for sectional door components. This location will enable ASSA ABLOY to further enhance its productivity and distribution capabilities within the European market.

Cutting-edge technology is at the heart of Kingspan’s offerings. The company specializes in developing an extensive range of high-quality door panels suitable for both residential and industrial applications. The addition of these products is set to enrich ASSA ABLOY’s Entrance Systems Division. Massimo Grassi, Executive Vice President and Head of the Entrance Systems Division, commented on the significance of this acquisition: "Integrating Kingspan Door Components into the Entrance Systems Division allows us to expand our innovative and competitive component portfolio. This will enable us to provide our customers with an even broader selection of high-quality sectional door panels."

Financially, Kingspan Door Components reported sales of approximately €25 million (about SEK 290 million) in 2024. Although the acquisition is expected to be initially dilutive to ASSA ABLOY's earnings per share (EPS), the long-term strategic benefits are anticipated to outweigh the short-term financial implications.

ASSA ABLOY aims to utilize this acquisition not only to broaden its product range but also to strengthen its overall competitive edge in the access solutions market. The company's commitment to creating safe and secure environments aligns with its mission to innovate continuously for both physical and digital access. With operations in over 70 countries and a workforce of approximately 63,000 employees globally, ASSA ABLOY is well-positioned to leverage the capabilities that Kingspan brings to the table.

As this integration process unfolds, stakeholders can expect to see an enhanced portfolio of sectional door products that meet high standards of quality and innovation. The move underscores ASSA ABLOY's strategy of growth through acquisitions, paving the way for a more competitive positioning in the evolving marketplace of access solutions.

For more insights into this acquisition and its implications for the industry, you may reach out to the corporate contacts listed below:

• - Nico Delvaux, President and CEO, +46 8 506 485 82
• - Erik Pieder, CFO, +46 8 506 485 72
• - Björn Tibell, Head of Investor Relations, +46 70 275 67 68.

As ASSA ABLOY continues to flourish, this acquisition serves as a testament of its forward-thinking approach in navigating the complexities of the access solutions market.