ASSA ABLOY Expands Its Access Control Solutions with Pedestal PRO Acquisition

ASSA ABLOY Strengthens Its Market Position with New Acquisition

In an exciting move for security solutions, ASSA ABLOY has recently finalized its acquisition of Pedestal PRO, a recognized manufacturer based in the United States specializing in access control systems including pedestals and bollards. This strategic acquisition is expected to bolster ASSA ABLOY's position in established markets.

Nico Delvaux, the President and CEO of ASSA ABLOY, expressed enthusiasm about the merger, stating, "I am very pleased to welcome Pedestal PRO into the ASSA ABLOY Group. This acquisition aligns with our strategy to strengthen our presence in mature markets by adding complementary products and solutions to our core offerings."

Pedestal PRO has been an innovator in its field since its inception in 2002, boasting a team of around 50 employees. The company's headquarters and manufacturing facility are situated in Lindon, Utah, where they focus on integrating design, architecture, and advanced access control technologies. This merger will not only enrich ASSA ABLOY's product suite but also solidify its connections with manufacturers of access control equipment, system integrators, and security professionals, as highlighted by Lucas Boselli, Executive Vice President of ASSA ABLOY.

With projected sales for 2024 estimated at around $11 million, Pedestal PRO demonstrates potential for substantial earnings before interest and taxes (EBIT). The synergy from this merger is expected to enhance ASSA ABLOY's total earnings from the outset, significantly contributing to the overall growth strategy.

The addition of Pedestal PRO's portfolio enhances ASSA ABLOY's capabilities in electromechanical solutions, enabling the company to deliver even more efficient and comprehensive access control products. This aligns perfectly with ASSA ABLOY's overarching commitment to providing safe and accessible environments, both physically and digitally.

As security needs continue to evolve, ASSA ABLOY aims to stay at the forefront of innovation. The merger with Pedestal PRO positions the company to further its legacy of creating robust and reliable security solutions. With the resources and experience of both organizations combined, customers can look forward to enhanced service offerings and innovative products in the realm of access control.

In conclusion, ASSA ABLOY's acquisition of Pedestal PRO marks a significant milestone in the security industry, paving the way for more integrated and user-friendly access solutions, further establishing ASSA ABLOY's reputation as a global leader in access solutions.