ASSA ABLOY Acquires Securitech Group Inc.
October 4, 2023
ASSA ABLOY has acquired Securitech Group Inc., a U.S. manufacturer of high-security mechanical and electronic door hardware based in Maspeth, Queens, New York. Securitech generated roughly $16 million in sales in 2022, employs about 50 people, and the acquisition is intended to expand ASSA ABLOY's product portfolio and strengthen its position in mature, high-security end markets.
- Buyers
- ASSA ABLOY
- Targets
- Securitech Group Inc.
- Industry
- Building Products
- Location
- New York, United States
- Transaction Type
- Buyout
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