#Acquisition #United Kingdom #SAS #ASSA ABLOY #Yorkshire

ASSA ABLOY Expands Portfolio with SAS Acquisition

In a strategic move to enhance its position in the UK market, ASSA ABLOY has acquired Senior Architectural Systems (SAS), a leading supplier of advanced aluminium windows, doors, and curtain wall systems. This acquisition aligns with ASSA ABLOY’s strategy to diversify its product line and offer innovative solutions within the commercial construction sector.

About the Acquisition

Nico Delvaux, the President and CEO of ASSA ABLOY, expressed his enthusiasm about the merger, stating, "I am very pleased to welcome SAS to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business." This sentiment reflects the company's continuous effort to innovate and stay ahead in an ever-evolving market.

SAS, founded in 1991 and headquartered in Yorkshire, has approximately 150 employees dedicated to creating high-quality window and door profiles. The company's extensive experience has garnered a reputation for delivering thermally efficient fenestration systems, making it an ideal fit for ASSA ABLOY's aspirations in the UK's commercial OEM market.

Strengthening Product Offerings

The newly acquired firm provides a diverse range of products that feature cutting-edge, thermally efficient technology. Neil Vann, Executive Vice President and Head of the EMEIA Division at ASSA ABLOY, noted, "SAS offers an innovative and high-quality range of window and door profile systems including market-leading thermally efficient technology. Their portfolio will further extend the ASSA ABLOY offering in the commercial OEM market in the UK."

With 2024 sales projected at around £50 million, or approximately 680 million Swedish Krona, SAS contributes a robust EBIT margin to ASSA ABLOY, ensuring that the acquisition will positively impact earnings per share from the outset.

Future Prospects

As ASSA ABLOY continues to build its portfolio of access solutions, this acquisition not only complements its capabilities but enhances its competitive position in the market. Customers can anticipate an increased array of options that emphasize safety, security, and efficiency across commercial construction.

ASSA ABLOY operates with the mission to create a more open world, helping people feel safe and secure in both physical and digital realms. As it absorbs SAS into its family of brands, the company is well poised to deliver on that promise, fostering innovation while maintaining the high standards their customers expect.

For any inquiries regarding the acquisition or ASSA ABLOY's ongoing projects, interested parties can reach out to key figures such as Nico Delvaux, President and CEO, or Erik Pieder, CFO and Executive Vice President, directly via the contact details provided.

In conclusion, the acquisition of Senior Architectural Systems marks a significant step for ASSA ABLOY in fortifying its mission and expanding its reach within the UK's construction industry, setting the stage for continued growth and innovation.