Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 ASSA ABLOY Acquires Amecor in South Africa - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

ASSA ABLOY Acquires Amecor in South Africa

Amecor (Pty) Ltd is a South African manufacturer of security communication equipment.

Author Image

By: DAVID SAVASTANO

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

ASSA ABLOY has signed an agreement to acquire Amecor (Pty) Ltd, a South African manufacturer of security communication equipment in the South African security market.

“I am very pleased to welcome Amecor into the ASSA ABLOY Group. This constitutes a next step in our strategy to further strengthen our position in this important market,” said Nico Delvaux, president and CEO of ASSA ABLOY.

“The Amecor team has a 30-year history in the South African security sector with a suite of reliable and leading products in the alarm segment. Amecor will reinforce our long-term commitment to the South African and Sub-Saharan markets and there are numerous synergies with our electronic security solutions business, that will add great benefit to our customers,” says Neil Vann, EVP of ASSA ABLOY and head of EMEIA Division.

Amecor was established in 1994 and has some 120 employees. The main office and factory are located in Johannesburg, South Africa.  Sales for 2022 amounted to about MZAR 270 (approximately $14 million) with a strong EBIT margin.

The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the second quarter of 2024.

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters