ASSA ABLOY has announced the acquisition of the Ireland-based leading manufacturer of professional fit, wired and wireless alarms and cloud-based monitoring solutions, HKC.
Established in 1991, HKC currently has around 45 employees. With ASSA ABLOY’s 47,000 employees and £6.4 billion global sales, the acquisition will create opportunities for growth while allowing both businesses to deliver greater value to their customers, by offering a total integrated solution for the smart home security market.
HKC will continue to operate as an autonomous business as part of ASSA ABLOY, retaining the existing strong commercial and operational team that has made the business successful today. Existing customer contact points remain unchanged.
Neil Vann, MD & Market Region Manager of ASSA ABLOY UK is very pleased about the acquisition. He comments: “HKC is a very attractive addition to ASSA ABLOY thanks to its market leading product portfolio, a strong track record of growth and new innovative product development.”
Sales for 2018 are expected to reach some EUR 18 million (approx. SEK 180 million) with a good EBIT margin and the acquisition will be accretive to EPS from start.
Tel: +44 (0)845 071 0882
The Automatic Door Suppliers Association (ADSA) has seen an increase in membership of more than 15% – welcoming more members in 2020 than ever before.Posted in Architectural Ironmongery, Articles, Building Associations & Institutes, Building Industry Events, Building Industry News, Building Products & Structures, Building Systems, Doors, Seminars, Training
The Incedo platform from ASSA ABLOY connects security software and hardware within a single, seamless system, enabling scaling up or down on demand.Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Doors, Facility Management & Building Services, Health & Safety, Information Technology, Innovations & New Products, Posts, Security and Fire Protection
Fastening technology specialist EJOT upgrades its range of ETA-approved through-bolts with the launch of its new BA Plus range of Option 1 anchors.Posted in Articles, Building Industry News, Building Products & Structures, Building Systems, Innovations & New Products, Restoration & Refurbishment, Retrofit & Renovation, Walls
C-TEC’s innovative new vibrating pillow pad alarm warns people with hearing issues of a fire alarm or evacuation alert condition.Posted in Articles, Building Industry News, Building Services, Facility Management & Building Services, Health & Safety, Innovations & New Products, Security and Fire Protection