ASSA ABLOY Welcomes TeleAlarm Group into Its Family
ASSA ABLOY has made an exciting move in the market by acquiring TeleAlarm Group, a respected name in remote care technology. This acquisition aims to enhance ASSA ABLOY's offerings in the Senior Care business area, an important sector that focuses on facilitating independent living through innovative solutions.
Enhancing the Senior Care Business
Nico Delvaux, President and CEO of ASSA ABLOY, expressed his enthusiasm by stating, "I am very pleased to welcome TeleAlarm into ASSA ABLOY. This acquisition will not only bolster our existing portfolio within Senior Care but also open doors for complementary growth opportunities. We strive to provide the best solutions to our customers, and adding TeleAlarm's technology is a significant step in that direction."
TeleAlarm is known for its remarkable capability to merge hardware and software solutions, serving a diverse clientele within the social care and home care sectors. With a strong focus on research and development, TeleAlarm is well-positioned to enhance ASSA ABLOY's innovative capacity.
The Value of TeleAlarm
Founded in 1956, TeleAlarm has established itself as a leader in its field, employing around 70 skilled professionals. Its headquarters in Leipzig, Germany, will now operate under the umbrella of ASSA ABLOY’s Global Solutions business unit dedicated to Senior Care.
Projected sales for 2024 indicate about MEUR 29 (approximately MSEK 330). The acquisition is anticipated to positively impact earnings per share (EPS) from the outset, indicating a strategic growth path for ASSA ABLOY in the coming years.
Contact Information for Inquiries
For further details about this acquisition or for any inquiries, individuals may contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
ASSA ABLOY serves as the global leader in access solutions. Their mission is to help people feel safe and secure while fostering an open world. Operating on a global scale with 63,000 employees and generating sales of SEK 150 billion, the company has positioned itself in critical areas, including efficient door openings and trusted identities, thereby enhancing access to both physical and digital spaces.
Frequently Asked Questions
What does the acquisition of TeleAlarm Group mean for ASSA ABLOY?
The acquisition will enhance ASSA ABLOY’s offerings in the Senior Care business by integrating TeleAlarm’s remote care technology, enabling improved solutions for independent living.
When was TeleAlarm founded?
TeleAlarm was founded in 1956 and has grown to become a significant player in remote care technology in Europe.
How many employees does TeleAlarm have?
TeleAlarm employs approximately 70 people, each contributing to its success in the industry.
What are some expected benefits of this acquisition?
The acquisition is expected to be accretive to ASSA ABLOY's earnings per share from the start, indicating a strategic advantage and potential for growth.
Who can be contacted for more information?
Individuals can contact Nico Delvaux, Erik Pieder, or Björn Tibell through the provided phone numbers for any queries regarding the acquisition.
