More acquisitions ahead for Assa Abloy

SECURITY products group Assa Abloy says it intends to make more acquisitions as opportunities arise.

The firm, whose UK base is in Willenhall, bought 4Front in December and has now acquired 100 companies since Johan Molin joined the group as president and CEO in 2005.

Molin said: “The strategic growth target for Assa Abloy is to grow 10% annually through a combination of organic growth and acquisitions. We have a focused acquisition strategy in three directions: gaining access to new geographic markets, adding new and complementary products to our portfolio, and obtaining cutting-edge technologies in various key fields.

“The foundation for Assa Abloy’s rapid acquisitions expansion has been the group’s ability to identify and build good relationships with potential acquisitions, effectively acquire them, and successfully integrate them fast into the group.

“What is even more exciting is that virtually all acquisitions have developed very well and contributed significantly to the profitability of the Assa Abloy Group.”

Its latest acquisition, US company 4Front, is a leader in the docking systems field.

Molin said: “4Front, with its leading brands, is yet another strategic entry to the important North American market in entrance automation.”