ASSA ABLOY acquires Level Lock to deepen digital access control
ASSA ABLOY has taken a deliberate step to expand its digital capabilities by acquiring Level Lock, a company known for technology that strengthens access control. The deal adds depth to ASSA ABLOY’s security portfolio and opens room for new, more connected solutions across its platforms.
What ASSA ABLOY leaders are saying
Nico Delvaux, President and CEO of ASSA ABLOY, welcomed Level Lock to the Group and underscored how the move should accelerate technology development across the business. He pointed to fresh avenues for growth—near-term and over time—as teams combine their strengths.
Lucas Boselli, Executive Vice President and Head of the Americas Division, highlighted Level Lock’s platform for bringing mechanical locking together with digital access. That blend matters. It lets organizations modernize security with minimal disruption, keeping existing hardware in place while introducing smarter, software-driven control.
Level Lock’s role and impact
Level Lock, founded in 2016 and employing around 70 people, has built a reputation for cutting-edge work in digital access. From its base in Redwood City, California, the company has focused on solutions that make authentication, control, and everyday use feel seamless—software and hardware working as one system.
Financial picture and what it means
Level Lock recorded sales of approximately MUSD 16 in its latest fiscal year. ASSA ABLOY expects the acquisition to be dilutive to earnings per share (EPS) at the start, a common effect when investing for scale. The longer view emphasizes capability: stronger innovation and broader market reach as integrated offerings take hold.
ASSA ABLOY’s direction and what comes next
The ASSA ABLOY Group is building for leadership in access solutions worldwide. With 61,000 employees and around SEK 141 billion in sales, the company concentrates on solutions that are proven, usable, and ready for the market across many sectors.
Bringing Level Lock into the fold strengthens ASSA ABLOY’s digital foundation and its presence in the Americas. The focus is practical: secure, convenient access across physical doors and digital services—helping billions of users connect and move through their day with less friction.
Where technology meets security
Combining Level Lock’s advanced technology with ASSA ABLOY’s scale creates a sharper, more reliable set of access and security options. The Group’s mission stays steady: enable safe access for people everywhere, making the routine moments of daily life easier—and safer—to manage.
Frequently Asked Questions
Why does ASSA ABLOY’s acquisition of Level Lock matter?
It expands ASSA ABLOY’s digital access capabilities and strengthens its security portfolio, positioning the company to advance innovation and grow in connected access control.
How will Level Lock fit within ASSA ABLOY?
Level Lock’s platform bridges mechanical locks and digital access, enhancing ASSA ABLOY’s offerings and helping customers modernize without replacing everything they already use.
What are the short- and long-term financial effects?
ASSA ABLOY expects initial EPS dilution. Over time, the combined technology and market presence are aimed at supporting innovation and broader expansion.
Who’s leading the integration effort?
Nico Delvaux, President and CEO, and Lucas Boselli, Executive Vice President and Head of the Americas Division, are guiding the strategy around Level Lock’s integration.
What will ASSA ABLOY do with Level Lock’s technology?
The company plans to incorporate Level Lock’s solutions into its existing platforms to enhance access control—bringing secure, convenient experiences across physical and digital touchpoints.
