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Flexible Electronics News

ASSA ABLOY Acquires LifeSafety Power

US supplier of smart integrated access control power solutions for OEMs, integrators and end-users.

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By: Anthony Locicero

Copy editor, New York Post

ASSA ABLOY has acquired LifeSafety Power, a US supplier of smart integrated access control power solutions for OEMs, integrators and end-users.

LifeSafety Power was established in 2009 and has some 65 employees.

The main office is located in Libertyville, IL.

Sales for 2019 are expected to reach about $30 million (approx. SEK 290 million) with a good EBIT margin and the acquisition will be accretive to EPS from start.

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