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ASSA ABLOY Acquires Securitech Group Inc. in the US

Securitech Group Inc. is a manufacturer of high-security mechanical and electronic door hardware products in the U.S.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

ASSA ABLOY has acquired Securitech Group Inc., a manufacturer of high-security mechanical and electronic door hardware products in the U.S.

“I am very pleased to welcome Securitech into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” said Nico Delvaux, president and CEO of ASSA ABLOY.

“Securitech’s focus on innovative, high-security locking solutions fills several gaps in our existing door hardware portfolio and I’m excited for them to be part of ASSA ABLOY,” added Lucas Boselli, EVP of ASSA ABLOY and head of the Americas Division. “This acquisi-tion provides a great opportunity for us to further enhance our core offering to education, critical infrastructure, government, behavioral health, and other high-security markets.”

Securitech was established in 1983 and has some 50 employees. The main office and factory are located in Maspeth, Queens, NY.

Sales for 2022 amounted to about MUSD $16 million (approximately MSEK 160) with a strong EBIT margin. 

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