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ASSA ABLOY Acquires Level Lock in the US

Level Lock is a technology solutions business with $16 million in sales, and is based in Redwood City, CA.

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By: DAVID SAVASTANO

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

ASSA ABLOY has acquired Level Lock, a technology solutions business based in Redwood City, CA.
 
“I am very pleased to welcome Level Lock into the ASSA ABLOY Group. This acquisition is an exciting technological addition to the ASSA ABLOY Group and will provide complementary growth opportunities,” said Nico Delvaux, president and CEO of ASSA ABLOY.

“The acquisition of Level Lock complements ASSA ABLOY’s technology portfolio and strengthens our digital offering across multiple businesses in the Americas division,” says Lucas Boselli, EVP of ASSA ABLOY and head of the Americas Division. “Their innovative platform provides an easy transition from mechanical locking to digital access solutions with minimal effort.”

Level Lock was founded in 2016 and has approximately  70 employees. Sales for 2023 amounted to about $16 million (approxomately MSEK 170). 

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