#Sweden #Stockholm #Remote Care #ASSA ABLOY #TeleAlarm

ASSA ABLOY Expands into Remote Care with TeleAlarm Acquisition

ASSA ABLOY, a global leader in access solutions, has announced its latest acquisition of the TeleAlarm Group, a notable provider of remote care technology based in Germany. This acquisition is set to enhance ASSA ABLOY's existing services, particularly in the Senior Care business segment.

The Strategic Move

Nico Delvaux, the President and CEO of ASSA ABLOY, expressed his excitement about incorporating TeleAlarm into the company’s portfolio. He stated, "I am very pleased to welcome TeleAlarm into ASSA ABLOY, an exciting technological addition that will reinforce our current offering within the Senior Care business area, and provide complementary growth opportunities." This acquisition not only introduces new technology into the existing offerings but also enables ASSA ABLOY to leverage TeleAlarm's specialized expertise in remote care solutions, thus promoting independent living for users across dynamic social and home care settings.

About TeleAlarm Group

Founded in 1956 and headquartered in Leipzig, Germany, TeleAlarm has grown considerably and now employs around 70 people. It has established itself as a reputable provider of hardware and software solutions that support remote care. The company serves a wide customer base across the diverse social care and home care sectors, which will now complement ASSA ABLOY's extensive network.

With a robust focus on innovation, TeleAlarm's capabilities and high-quality solutions will significantly enhance ASSA ABLOY’s offerings within the Senior Care business area. Stephanie Ordan, the Executive Vice President and Head of Global Technologies at ASSA ABLOY, noted, "TeleAlarm is an excellent addition to Global Solutions, expanding our core capabilities and offerings," indicating a strong vision for the integration of technologies that support enhancing care for seniors.

Financial Outlook and Benefits

The acquisition comes with promising financial projections. The annual sales for TeleAlarm reached approximately MEUR 29 (around MSEK 330) in 2024, indicating a healthy EBIT margin. Delvaux confirmed that the acquisition is expected to be accretive to earnings per share (EPS) from the outset, showcasing a strategic investment that is likely to yield positive results for ASSA ABLOY's economic performance moving forward.

Looking Forward

As the integration process begins, both companies are optimistic about what lies ahead. ASSA ABLOY aims to harness TeleAlarm's technologies to bolster its reputation in the Senior Care domain further and deliver cutting-edge solutions to its clients.

The acquisition is a testament to ASSA ABLOY's commitment to enhancing security and accessibility, demonstrating its dedication to creating a safer and more open world.

For a company that operates on a global scale with over 63,000 employees and annual sales nearing SEK 150 billion, each strategic acquisition enhances its profile and capabilities in various market segments, including efficient door openings and trusted identities.

This move is anticipated to attract attention within the industry, as ASSA ABLOY continues to position itself as a pioneer in access technology while addressing the critical needs of senior citizens and promoting independent living at home.

With the ever-growing demand for accessible care solutions and a focus on technological integration, ASSA ABLOY is poised to lead the way in driving innovation within the senior care market.