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

ASSA ABLOY Acquires Kingspan Door Components in Belgium

On June 4, 2025, ASSA ABLOY announced the acquisition of Kingspan Door Components, a reputable manufacturer based in Belgium known for its extensive range of high-quality door panels designed for both residential and industrial sectional doors. This strategic acquisition signifies ASSA ABLOY's commitment to expanding its product offerings and enhancing its stronghold in mature markets.

Strategic Importance of the Acquisition

Nico Delvaux, President and CEO of ASSA ABLOY, expressed his enthusiasm about the integration of Kingspan Door Components into their family of brands. Delvaux highlighted that this acquisition aligns perfectly with ASSA ABLOY's overarching strategy of bolstering its position in established markets by adding complementary products that enrich its core business. The specific focus on sectional door panels will allow ASSA ABLOY to provide more innovative solutions to its customers, enhancing the value they deliver in the marketplace.

Massimo Grassi, Executive Vice President of ASSA ABLOY and the Head of the Entrance Systems Division, further emphasized that the integration of Kingspan will expand their already competitive component portfolio. This step is aimed at offering customers an even broader array of high-quality choices, positioning ASSA ABLOY favorably to meet the evolving demands of their clientele.

About Kingspan Door Components

Established in 1983, Kingspan Door Components has built a solid reputation in the door manufacturing industry. With approximately 70 employees, the company operates from its headquarters and production facility located in Leuze-En-Hainaut, Belgium. The financials reflect a notable presence, with sales reaching approximately MEUR 25 (around MSEK 290) for the year 2024. With the acquisition, Kingspan will become a crucial part of the larger Sectional Doors and Components division within ASSA ABLOY’s Industrial segment.

Future Implications and Expectations

While the acquisition may initially be dilutive to earnings per share, the long-term expectations are optimistic. By introducing Kingspan's established product lines into its offerings, ASSA ABLOY is not only diversifying its portfolio but is also enhancing its ability to serve both existing and new markets effectively. The company's global outreach and innovative capabilities will significantly benefit from this addition, possibly leading to increased market shares and improved profitability in the years to come.

In conclusion, ASSA ABLOY’s acquisition of Kingspan Door Components represents a significant milestone in its journey towards strengthening and expanding its presence in the door solutions market. The strategic fit of Kingspan’s products within ASSA ABLOY’s vision underlines the company's commitment to innovation, customer satisfaction, and market leadership.

For More Information

For further inquiries about ASSA ABLOY and its new acquisition, you 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, [email protected]

This acquisition is a clear indication of ASSA ABLOY's strategic path towards enhancing customer value through expanded product offerings in the realm of access solutions.