ASSA ABLOY has acquired LifeSafety Power, a supplier of smart integrated access control power solutions for OEMs, integrators and end-users.
In a statement, Nico Delvaux, President and CEO of ASSA ABLOY said: "I am very pleased to welcome LifeSafety Power into the ASSA ABLOY Group. LifeSafety Power constitutes a strategic addition to the Group and reinforces our position in access control solutions."
"LifeSafety Power is a great complement to our access control portfolio – we are looking forward to incorporating their knowledge of power supply as well as power consumption throughout our access control portfolio," added Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division.
LifeSafety Power was established in 2009, has some 65 employees and is headquartered in Libertyville, Ill. Sales for 2019 are expected to reach about $30 million. Terms of the deal were not disclosed.
