#Germany #Acquisition #ASSA ABLOY #Uhlmann & Zacher #Waldbüttelbrunn

ASSA ABLOY Expands Its Reach Through Strategic Acquisition

In a significant move aimed at bolstering its product offerings, ASSA ABLOY has successfully acquired Uhlmann & Zacher GmbH, a prominent German supplier known for its access control handles, knobs, and associated software solutions. This acquisition is expected to play a crucial role in enhancing ASSA ABLOY’s position in both the German market and internationally.

Nico Delvaux, the President and CEO of ASSA ABLOY, expressed his enthusiasm, stating, "I am very pleased to welcome Uhlmann & Zacher to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business." This strategic move aligns with ASSA ABLOY's commitment to innovation and customer satisfaction, further expanding their portfolio in the electronic lock systems sector.

Uhlmann & Zacher, founded in 1990, brings over three decades of expertise and a robust reputation for innovation, making it a perfect fit for ASSA ABLOY's vision. The company operates out of Waldbüttelbrunn, Bavaria, Germany, and employs around 110 individuals who are dedicated to delivering high-quality access control solutions. The financial performance of Uhlmann & Zacher has been promising, with sales for 2024 projected at about €21 million (approximately SEK 240 million), showcasing a good EBIT margin.

Neil Vann, Executive Vice President of ASSA ABLOY and the Head of the EMEIA Division, echoed similar sentiments: "We are thrilled to welcome Uhlmann & Zacher to ASSA ABLOY. With over 30 years of expertise and a strong reputation for innovation in electronic locking systems, it is a perfect addition to our portfolio. Together, we look forward to driving even greater value for our customers.” This positive outlook suggests a harmonious integration that aims to enhance customer service and innovation.

The acquisition is not just strategically significant but also financially beneficial. It is projected that the acquisition will be accretive to earnings per share (EPS) from the outset, signifying an immediate financial boost to ASSA ABLOY’s operations.

The ASSA ABLOY Group, recognized as a global leader in access solutions, operates with a workforce of approximately 61,000 employees and reports sales of SEK 141 billion. The group maintains a leadership position in various areas including efficient door openings, trusted identities, and entrance automation. With this acquisition, ASSA ABLOY is expected to further its innovations which facilitate safe and convenient access, enabling billions of individuals to experience a more open world daily.

As markets evolve and demands grow, it is clear that ASSA ABLOY's proactive approach in acquiring Uhlmann & Zacher will set a new standard in the access solutions industry, creating a significant impact in Germany and beyond. The commitment to leveraging Uhlmann & Zacher's strong market presence and expertise is a vital step in their ongoing journey toward sustained growth and customer satisfaction.