ASSA ABLOY Acquires High-Security Door Manufacturer Securitech

ASSA ABLOY announced the purchase of Securitech Group, a U.S.-based manufacturer of high-security mechanical and electronic door hardware products.

Securitech was established in 1983 and has around 50 employees. Its main office and factory are located in Maspeth, Queens, N.Y.

The acquisition is said to deliver on ASSA ABLOY’s strategy to strengthen its position in mature markets by adding complementary products and solutions to its core business.

“Securitech’s focus on innovative, high-security locking solutions fills several gaps in our existing door hardware portfolio and I'm excited for them to be part of ASSA ABLOY,” said Lucas Boselli, executive vice president of ASSA ABLOY and head of the Americas division. “This acquisition provides a great opportunity for us to further enhance our core offering to education, critical infrastructure, government, behavioral health, and other high-security markets.”

In a LinkedIn post, Securitech President Mark Berger said the being acquired by ASSA ABLOY will allow the company to deliver its wares to “many, many more people who will benefit from our great innovations.”

He continued, “We’ve worked with this organization since their first US acquisition (Arrow, which was a supplier) and have watched them grow. Their culture and values fit perfectly with Securitech and I have had the honor of working alongside some great people from their team in my BHMA, DHI, ASIS & PASS volunteer activities.”

Securitech’s sales amounted to around $16 million in 2022 and the acquisition will be accretive to earnings per share from the start, according to the announcement. Terms of the transaction were not disclosed.