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.
Location
New York, United States
Transaction Type
Buyout

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