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ASSA ABLOY has acquired HKC, the Irish manufacturer of professional fit, wired and wireless alarms and cloud based monitoring for the residential and commercial markets.
The buyer says that given the commercial synergies between HKC and ASSA ABLOY, the acquisition will create opportunities for growth while allowing both businesses to offer a wider product range. HKC will continue to operate as an autonomous business as part of ASSA ABLOY, retaining the commercial and operational team. Customer contact points remain unchanged.
Neil Vann, MD & Market Region Manager of ASSA ABLOY UK, says: “I am very pleased to welcome HKC into the ASSA ABLOY Group. HKC is a very attractive addition to ASSA ABLOY thanks to its market leading product portfolio, a strong track record of growth and new innovative product development. HKC’s cloud based self-monitoring technology together with ASSA ABLOY’s smart digital door locking solutions creates opportunities to add greater value for our customers, providing a total integrated solution for the smart home security market.”
About the firms
HKC was established in 1991 and has around 45 employees. Head office and factory is in Dublin. Sales for 2018 are expected to reach some 18 million euros. ASSA ABLOY is an international group with around 47,000 employees and has global sales close to £6.4 billion. In the UK, ASSA ABLOY is best known for the Yale and UNION brands and has its head Office and main factory in Willenhall in the West Midlands.