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Assa Abloy To Acquire Hardware And Home Improvement ("Hhi") Division Of Spectrum Brands

Sep 09, 2021•over 4 years ago

Acquiring Company

ASSA ABLOY

Acquired Company

Spectrum Brands Holdings

StockholmWholesaleManufacturingInformation Technology

Description

ASSA ABLOY has signed a definitive agreement to acquire the Hardware and Home Improvement ("HHI") division of Spectrum Brands (NYSE:SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis.

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