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Flexim operates nine branches across Finland and had sales of 36 million euros.
June 4, 2015
By: DAVID SAVASTANO
ASSA ABLOY has signed an agreement to acquire Flexim, a leading security systems provider and locksmith in Finland.  “The acquisition of Flexim constitutes another important step for ASSA ABLOY into the locksmith and access control channel in the Nordic region. Flexim will add a lot of competence in the important Finnish market to the ASSA ABLOY Group,” said Johan Molin, president and CEO of ASSA ABLOY.  “Flexim is a valuable addition to our products and services on the Finnish market,” added Tzachi Wiesenfeld, EVP of ASSA ABLOY and head of the EMEA division.  Flexim was established in 1979 and operates nine branches across Finland and currently has some 245 employees. Sales for 2015 are expected to reach €36 million (approx. SEK 340 million). The transaction is subject to regulatory approval and is expected to close during Q3 2015.
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