ASSA ABLOY Strengthens Portfolio with Acquisition of Uhlmann & Zacher GmbH

ASSA ABLOY Expands Its Reach with the Acquisition of Uhlmann & Zacher GmbH

In a strategic move, ASSA ABLOY, global leader in access solutions, announced its acquisition of Uhlmann & Zacher GmbH, a reputable German supplier that specializes in access control solutions including handles, knobs, and the corresponding software. This acquisition is poised to bolster ASSA ABLOY's portfolio and strengthen its position in the market.

The integration of Uhlmann & Zacher allows ASSA ABLOY to enhance its comprehensive suite of access control products. Nico Delvaux, the President and CEO of ASSA ABLOY, expressed his enthusiasm about the acquisition. He stated, “I am very pleased to welcome Uhlmann & Zacher to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business.”

Uhlmann & Zacher, established in 1990, is known for its innovative electronic locking systems, boasting over 30 years of expertise in the market. The company, which operates out of Waldbüttelbrunn, Bavaria, employs around 110 individuals and generated sales of approximately MEUR 21 (around MSEK 240) in 2024. With a strong EBIT margin, it is expected that this acquisition will significantly contribute to ASSA ABLOY's earnings per share (EPS) from the outset.

Neil Vann, the Executive Vice President of ASSA ABLOY and head of the EMEIA Division, echoed the positive sentiment regarding this merger, stating, “We are thrilled to welcome Uhlmann & Zacher to ASSA ABLOY. With their innovative solutions and expertise, we look forward to driving even greater value for our customers both in Germany and internationally.”

This acquisition aligns perfectly with ASSA ABLOY's continuous efforts to expand and diversify its access solutions. The company's global operations, which employ around 61,000 staff and report sales of SEK 141 billion, underline its status as a dominant player in the access solutions market.

Uhlmann & Zacher's reputation for innovation in electronic locking systems complements ASSA ABLOY's existing strengths in efficient door openings and trusted identities, creating a synergy that promises to enhance product offerings and deliver improved solutions to end-users.

Moreover, with the rising concern for security and convenience in both physical and digital access, ASSA ABLOY is strategically positioning itself to meet evolving demands. As consumers and businesses increasingly seek more integrated and secure access solutions, this acquisition will ensure that ASSA ABLOY remains at the forefront of innovation in this ever-competitive field.

Looking ahead, the integration process is anticipated to unfold seamlessly, ensuring that Uhlmann & Zacher's expertise is fully leveraged to benefit customers globally.

In summary, ASSA ABLOY’s acquisition of Uhlmann & Zacher GmbH is more than just a strategic business decision; it represents a commitment to continued excellence and innovation in access solutions, reinforcing the company’s promise to provide secure and convenient access to physical and digital spaces for billions of individuals around the world.