ASSA ABLOY Acquires Amecor

January 26, 2024

ASSA ABLOY Group has agreed to acquire Amecor, a South African designer, manufacturer and distributor of security communication equipment, from Carlyle (via its Carlyle Sub‑Saharan Africa Fund). Financial terms were not disclosed. Amecor is headquartered in Johannesburg (Gauteng), has approximately 120 employees, and has shifted toward network services—with over 600,000 monthly subscribers and recurring revenue representing more than 70% of sales.

Targets
Amecor
Sellers
Carlyle, Carlyle Sub‑Saharan Africa Fund (CSSAF)
Industry
Manufacturing
Location
Gauteng, South Africa
Transaction Type
Buyout

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