#USA #Acquisition #ASSA ABLOY #Valencia #PACLOCK

ASSA ABLOY Expands Its Portfolio with PACLOCK Acquisition

In a strategic move to bolster its position in the mature security market, ASSA ABLOY has officially acquired Pacific Lock Company, popularly known as PACLOCK. This acquisition, announced recently, underscores ASSA ABLOY's commitment to integrating complementary products that enhance their existing range of security solutions.

Strengthening Security Offerings

Nico Delvaux, the President and CEO of ASSA ABLOY, expressed his enthusiasm about welcoming PACLOCK into the ASSA ABLOY family. He stated that this acquisition aligns perfectly with their strategy to reinforce market presence by adding reputable and innovative products to their core business. PACLOCK is widely recognized for its robust security solutions that boast reliability, durability, and unique designs tailored for various customer needs.

The Executive Vice President and Head of the Americas Division, Lucas Boselli, further elaborated on PACLOCK's reputation, highlighting their commitment to high-quality manufacturing based in the United States. The company has been noted for exceptional customer service and specializes in crafting customized security solutions, distinguishing themselves from standard product offerings. With PACLOCK's advanced capabilities, ASSA ABLOY aims to enhance its ability to meet the diverse security needs of clients across various sectors.

About PACLOCK

Founded in 1998, PACLOCK has established a strong foothold in the locking and security hardware industry. With approximately 40 employees, the company operates out of its headquarters and factory located in Valencia, California. Known for its innovative approach, PACLOCK has cultivated a trustworthy reputation among its clientele, making it a go-to partner for those seeking security solutions beyond conventional products. Their projected sales for 2025 stand at about $17 million, reflecting a solid EBIT margin that bodes well for ASSA ABLOY's investment.

The Road Ahead

The integration of PACLOCK into ASSA ABLOY's Residential Business Segment within the Americas Division is expected to yield positive outcomes. This acquisition is anticipated to contribute positively to ASSA ABLOY's earnings per share (EPS) immediately, highlighting a prudent investment that promises growth in a competitive landscape.

A Leader in Access Solutions

ASSA ABLOY is known globally as a leader in access solutions, serving millions by enhancing safety and security measures daily. With a workforce of 64,000 employees and impressive sales figures reaching SEK 152 billion, ASSA ABLOY has carved out significant market shares in various domains, from efficient door openings to trusted identities and entrance automation. The company is committed to innovation that ensures safe and convenient access to both physical and digital spheres.

By acquiring PACLOCK, ASSA ABLOY is poised to expand its reach and adapt to evolving market demands, ensuring that customers worldwide receive high-quality and tailored security solutions.

For more insights regarding this acquisition or other corporate news, interested parties can contact:

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

With this latest acquisition, ASSA ABLOY continues to exemplify a robust growth strategy focused on innovation and customer satisfaction.