ASSA ABLOY will incorporate LifeSafety Power’s knowledge of power supply and power consumption throughout its access control portfolio after acquiring the company for undisclosed terms.
LifeSafety Power manufacturers smart integrated access control power solutions for OEMs, integrators and end-users and the acquisition highlights the importance of reliable and efficient power supply to modern electronic security solutions.
“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,” said Nico Delvaux, president and CEO, ASSA ABLOY.
According to ASSA ABLOY, LifeSafety Power sales for 2019 are expected to reach about $US30 million with a good EBIT margin and the acquisition will be accretive to EPS.
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