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US supplier of smart integrated access control power solutions for OEMs, integrators and end-users.
September 5, 2019
By: Anthony Locicero
ASSA ABLOY has acquired LifeSafety Power, a US supplier of smart integrated access control power solutions for OEMs, integrators and end-users. LifeSafety Power was established in 2009 and has some 65 employees. The main office is located in Libertyville, IL. Sales for 2019 are expected to reach about $30 million (approx. SEK 290 million) with a good EBIT margin and the acquisition will be accretive to EPS from start.
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