ASSA ABLOY Acquires TeleAlarm Group
ASSA ABLOY has successfully completed the acquisition of TeleAlarm Group, a European innovator in remote care technology. This strategic move aims to enhance the company's current offerings in the Senior Care business segment and provide innovative solutions for independent living.
Strengthening Senior Care Solutions
Nico Delvaux, President and CEO of ASSA ABLOY, expressed enthusiasm about this acquisition, noting that TeleAlarm's advanced technology will complement the company's existing services. This integration is anticipated to create fresh growth opportunities within the Senior Care domain.
TeleAlarm specializes in delivering a blend of hardware and software solutions for social and home care clients. With its strong research and development capabilities, TeleAlarm is expected to significantly enrich ASSA ABLOY's service portfolio.
TeleAlarm's History and Expertise
Founded in 1956, TeleAlarm has established itself as a key player in the remote care technology market, employing approximately 70 dedicated professionals. The company boasts a solid reputation for providing high-quality solutions that facilitate independent living for various customer segments.
With its headquarters located in Leipzig, TeleAlarm perfectly aligns with ASSA ABLOY's commitment to innovative access solutions that cater to the demands of an evolving market.
Financial Benefits of the Acquisition
The sales performance for TeleAlarm in the upcoming term is projected to reach approximately MEUR 29 (around MSEK 330), showcasing a healthy earnings before interest and taxes (EBIT) margin. For ASSA ABLOY, this acquisition is expected to enhance earnings per share (EPS) from the outset, reflecting strong financial prospects.
Contact Information for Further Inquiries
For further details regarding this acquisition, you may contact:
Nico Delvaux, President and CEO, phone: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, phone: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, phone: +46 70 275 67 68
About ASSA ABLOY
ASSA ABLOY is the global leader in access solutions, dedicated to enhancing security and convenience for individuals everywhere. With a workforce of 63,000 employees, the company reports impressive sales figures amounting to SEK 150 billion. Its extensive offerings revolve around efficient door openings, trusted identities, and automation, ensuring safe and secure access across varied environments, both physical and digital.
Frequently Asked Questions
What is the significance of ASSA ABLOY's acquisition of TeleAlarm?
This acquisition allows ASSA ABLOY to expand its offerings within the Senior Care sector, enhancing their capacity to provide innovative remote care solutions.
When was TeleAlarm founded?
TeleAlarm was established in 1956 and has since grown to become a leader in remote care technology.
How many employees does TeleAlarm have?
TeleAlarm employs around 70 professionals dedicated to developing and delivering its care solutions.
Where is TeleAlarm located?
TeleAlarm is headquartered in Leipzig, Germany.
What are the expected financial impacts of this acquisition?
The acquisition is projected to contribute positively to earnings per share (EPS) from the outset, with anticipated sales reaching approximately MEUR 29 for the upcoming term.
