1. ASSA ABLOY acquires SiteOwl, enhancing their security management services. 2. CEO Nico Delvaux highlights complementary growth opportunities from the acquisition. 3. The move strengthens ASSA ABLOY's position in the evolving access control market. 4. SiteOwl's lifecycle management platform will innovate access control infrastructure. 5. ASSA ABLOY aims to lead in digital transformation of security solutions.
The acquisition of SiteOwl positions ASSA ABLOY competitively, similar to past strategic acquisitions that boosted stock performance. For instance, past mergers in tech-enabled sectors often led to stock price increases due to increased market share and innovation synergy.
The acquisition is significant for ASSA ABLOY’s business model and can influence market perception positively. Investors often react favorably to strategic acquisitions that promise innovation and enhanced market positioning, signaling strong future potential.
The integration of SiteOwl's technology will enhance operations and revenue streams, contributing to sustained long-term growth. Companies that successfully integrate acquisitions often see benefits for years ahead, as evidenced by various tech acquisitions that drove market performance beyond immediate timelines.
STOCKHOLM, Aug. 18, 2025 /PRNewswire/ -- ASSA ABLOY has acquired SiteOwl, a leading cloud-based platform that modernizes physical security lifecycle management.
"I am very pleased to welcome SiteOwl to ASSA ABLOY, an exciting technological addition that will reinforce our current offering within physical security lifecycle management, and provide complementary growth opportunities," says Nico Delvaux, President and CEO of ASSA ABLOY.
"The SiteOwl acquisition represents an important enhancement to how we support the access control industry," says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. "We're reshaping how system integrators, service providers, and end-users manage their access control infrastructure. Combining our proven specification expertise with SiteOwl's lifecycle management platform creates value for our customers and positions us at the forefront of this digital transformation."
SiteOwl was founded in 2020. The main office is located in Austin, Texas, USA.
For more information, please contact:
Nico Delvaux,
President and CEO,
tel. no: +46 8 506 485 82
Erik Pieder,
CFO and Executive Vice President,
tel. no: +46 8 506 485 72
Björn Tibell,
Head of Investor Relations,
tel. no: +46 70 275 67 68
About ASSA ABLOY
ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/assa-abloy/r/assa-abloy-acquires-siteowl-in-the-us,c4218999
The following files are available for download:
Press release (PDF) | |
site-owl |
View original content:https://www.prnewswire.com/news-releases/assa-abloy-acquires-siteowl-in-the-us-302532002.html
SOURCE ASSA ABLOY