Assa Abloy: digital access acquisition in the USA

(CercleFinance.com) - Swedish lock manufacturer Assa Abloy announced on Wednesday that it has acquired US-based Level Lock with a view to strengthening its offering in digital access controls.


In a press release, the group explains that the Redwood City, California-based company is the originator of an innovative platform enabling mechanical locks to be easily transformed into digital systems.

Founded in 2016, Level Lock employs around 70 people, with sales of $16 million last year.

Assa Abloy specifies that the operation should initially be dilutive in terms of its financial results.

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