ASSA ABLOY has acquired TeleAlarm Group (“TeleAlarm”), a European provider of remote care technology that combines hardware and software solutions, enabling independent living across the social care and home care segment, based in Germany.
"I am very pleased to welcome TeleAlarm into ASSA ABLOY, an exciting technological addition that will reinforce our current offering within the Senior Care business area, and provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“TeleAlarm is a leading provider of remote care technology that combines hardware and software solutions, serving a broad range of customers across the social care and home care segment. TeleAlarm is an excellent addition to Global Solutions and, with its strong R&D capabilities and high-quality solutions, it will expand our core capabilities and offerings across the Senior Care business area. I look forward to working with TeleAlarms’s successful and experienced team” says Stephanie Ordan, Executive Vice President and Head of Global Technologies business unit Global Solutions.
TeleAlarm was founded in 1956 and has some 70 employees. The main office is based in Leipzig, Germany. TeleAlarm will be part of Global Solutions business area Senior Care.
Sales for 2024 amounted to about MEUR 29 (approx. MSEK 330) with a good EBIT margin. The acquisition will be accretive to EPS from the start.
