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ASSA ABLOY completes acquisition of Premier Steel Doors and Frames to strengthen position in the US market

Dec 02, 2024•about 1 year ago

Acquiring Company

ASSA ABLOY

Acquired Company

Premier Steel Doors and Frames

StockholmMonroeWholesaleManufacturingInformation TechnologyBuilding MaterialPrecious MetalsManufacturing

Description

ASSA ABLOY has acquired Premier Steel Doors and Frames, a well-known US manufacturer in the steel door and frame industry. This strategic acquisition aligns with ASSA ABLOY's goal to enhance its position in the US market by adding complementary products and solutions to its core business and expanding its expertise in solutions for metal buildings.

Company Information

Company

ASSA ABLOY

Location

Stockholm, Stockholm County, Sweden

About

ASSA ABLOY is the global leader in access solutions with sales of SEK 150 billion and 63,000 employees. The Group has operations in over 70 countries and sales worldwide. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. 

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed