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ASSA ABLOY Acquires GFS in Germany

Gesellschaft für Sicherheitstechnik mbH is an innovator in emergency exit security solutions.

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By: DAVID SAVASTANO

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

ASSA ABLOY has acquired Gesellschaft für Sicherheitstechnik mbH (GFS), a German innovative player in emergency exit security solutions for commercial, industrial and public buildings.

“I am very pleased to welcome GFS to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business,” said Nico Delvaux, president and CEO of ASSA ABLOY.

“I am delighted that GFS will join the ASSA ABLOY EMEIA Division. Their strong expertise in emergency exit security solutions aligns perfectly with our commitment to safety, innovation, and customer-centric solutions. We welcome the team at GFS to the ASSA ABLOY family,” added Neil Vann, EVP of ASSA ABLOY and head of EMEIA Division.
GFS was established in 1977 and has approximately  20 employees. The main office and factory are located in Hamburg, Germany. Sales for 2024 amounted to about €12 million with a strong EBIT margin.

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