Download PDF version Contact company

ASSA ABLOY has announced acquiring Olimpia Hardware, renowned glass hardware and accessories brand in Latin America and the Caribbean.

"I am very pleased to welcome Olimpia into the ASSA ABLOY Group. This constitutes an important next step in our strategy to grow market leadership in emerging markets,” said Nico Delvaux, President and Chief Executive Officer (CEO) of ASSA ABLOY.

Acquisition of Olimpia Hardware

"The addition of Olimpia complements our business in Latin America, further supporting the growing trend of openings utilising glass and aluminum products," said Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division.

Olimpia Hardware was established in 1999 and serves Latin America and the Caribbean regions. ASSA ABLOY will continue to sell Olimpia branded products across the region. Sales for 2019 amounted to about 13 MUSD (approx. 125 MSEK) with a good EBIT margin. The acquisition will be accretive to EPS from start.

Download PDF version Download PDF version

In case you missed it

Anviz Global expands palm vein tech for security
Anviz Global expands palm vein tech for security

The pattern of veins in the hand contains unique information that can be used for identity. Blood flowing through veins in the human body can absorb light waves of specific wavelen...

Bosch sells security unit to Triton for growth
Bosch sells security unit to Triton for growth

Bosch is selling its Building Technologies division’s product business for security and communications technology to the European investment firm Triton. The transaction enc...

In age of misinformation, SWEAR embeds proof of authenticity into video data
In age of misinformation, SWEAR embeds proof of authenticity into video data

The information age is changing. Today, we are at the center of addressing one of the most critical issues in the digital age: the misinformation age. While most awareness of thi...

Quick poll
What is the most significant challenge facing smart building security today?