ASSA ABLOY Expands Portfolio with Strategic Acquisition of Door System in Denmark

ASSA ABLOY Acquires Door System in Denmark

In a significant move within the industry, ASSA ABLOY, the global leader in access solutions, has announced its agreement to acquire Door System, a prominent Danish manufacturer specializing in high-quality fire-rated doors. This acquisition, as described by ASSA ABLOY's President and CEO, Nico Delvaux, is part of the company's strategy to expand its product offerings and enhance its position within the market.

Founded in 1998, Door System operates from Hørning, Denmark, and has established itself with a strong foothold in sectors such as pharmaceuticals, food, and retail, focusing on providing doors that meet stringent fire safety regulations. With around 80 employees, the company reported impressive sales figures of approximately MDKK 125 (around MSEK 190) for the year 2024, demonstrating a robust EBIT margin.

Delvaux expressed his enthusiasm about the acquisition, stating, “I am very pleased to welcome Door System to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business.” The transition will see Door System integrated into ASSA ABLOY’s European, Middle Eastern, Indian, and African (EMEIA) division, thereby opening avenues for innovation and collaborative growth.

Neil Vann, Executive Vice President of ASSA ABLOY and Head of the EMEIA Division, highlighted that the expertise of Door System in developing high-quality fire-rated doors aligns perfectly with ASSA ABLOY’s vision for door solutions. The company’s commitment to excellence and innovation is expected to set a new standard in providing fire-rated, freezer, and hygienic door solutions across various industries. Vann articulated, “We welcome the team at Door System to the ASSA ABLOY family,” underscoring the importance of this merger in advancing the company’s overall mission.

This acquisition is anticipated to be accretive to the earnings per share from its inception, promising immediate positive impacts on ASSA ABLOY's financial performance. The deal awaits customary closing conditions and is projected to finalize in the second quarter of 2025.

As part of ASSA ABLOY, Door System is well-positioned to leverage ASSA ABLOY's extensive global resources and innovation capabilities. The merger signals a robust future for the door manufacturing segment, emphasizing ASSA ABLOY's commitment to safety and quality in access solutions.

Through this strategic move, ASSA ABLOY continues to reinforce its global leadership in access solutions, striving every day to help people live safely and securely while experiencing a more open world. With 63,000 employees and impressive sales figures of SEK 150 billion, the company maintains leading positions in areas such as trusted identities and entrance automation, driven by a focus on innovation and customer satisfaction.

In conclusion, the acquisition of Door System reinforces ASSA ABLOY’s strategic growth plan and enhances its capacity for delivering cutting-edge door solutions. By merging both companies' strengths, the aim is to create exceptional value for clients and secure a competitive edge in the access solution market, setting the stage for exciting future developments as they work together.

For inquiries, ASSA ABLOY representatives can be contacted, as this significant acquisition paves the way for advancements in fire safety and innovative access solutions across various sectors.