#USA #Austin #ASSA ABLOY #Physical Security #SiteOwl

ASSA ABLOY's Strategic Acquisition of SiteOwl

In a significant move to strengthen its position in the security industry, ASSA ABLOY has officially acquired SiteOwl, a cloud-based platform renowned for revolutionizing physical security lifecycle management. This acquisition is expected to bring exciting innovations to ASSA ABLOY's existing offerings and open up new avenues for market growth.

Enhancing Security Management

ASSA ABLOY's President and CEO, Nico Delvaux, expressed enthusiasm over the merger, highlighting how SiteOwl complements their current portfolio. He noted, "I am very pleased to welcome SiteOwl to ASSA ABLOY, an exciting technological addition that will reinforce our current offering within physical security lifecycle management, and provide complementary growth opportunities."

The addition of SiteOwl to the ASSA ABLOY family marks a defining moment in how physical security measures are managed. The platform, established in 2020 and headquartered in Austin, Texas, specializes in modernizing the oversight of security systems through state-of-the-art technology and streamlined processes.

A New Era in Access Control

Lucas Boselli, the Executive Vice President of ASSA ABLOY and Head of the Americas Division, emphasized the strategic importance of this acquisition. He remarked, “The SiteOwl acquisition represents an important enhancement to how we support the access control industry. We're reshaping how system integrators, service providers, and end-users manage their access control infrastructure.”

This merger not only broadens ASSA ABLOY's capabilities but also positions the company at the forefront of the ongoing digital transformation in security management. By combining ASSA ABLOY's established expertise in specifying security mechanisms with SiteOwl's advanced lifecycle management platform, customers can expect significant value and improved operational efficiencies.

SiteOwl's Impact on the Industry

Founded to address the growing complexities in security management, SiteOwl provides critical tools that simplify the management of physical security processes from start to finish. Their cloud-based solution allows businesses to streamline operations, enhance compliance measures, and reduce overall costs related to security management.

With this acquisition, ASSA ABLOY delivers not only a new product line but also an innovative approach to managing access control solutions in an increasingly digital world. As the market demands more robust security measures, the perfect fusion of ASSA ABLOY's industry experience and SiteOwl's modern technology promises to meet these needs effectively.

Future Prospects

As ASSA ABLOY continues to evolve, this acquisition is indicative of their commitment to lead in the access solutions market. The addition of SiteOwl enhances their ability to offer comprehensive and state-of-the-art security solutions tailored to the needs of various sectors.

In conclusion, ASSA ABLOY's strategic acquisition of SiteOwl is a significant milestone that showcases its dedication to innovation and excellence in physical security management. As they pave the way for future advancements in access control, stakeholders can anticipate a wave of beneficial changes throughout the industry that will redefine how security is managed.

For further information, interested parties can reach out to:

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