ASSA ABLOY Strengthens Mature Markets and Perimeter Security with Wallace & Wallace Acquisition

ASSA ABLOY, the global leader in access solutions, has bolstered its position in mature markets and enhanced its perimeter security portfolio with the acquisition of Wallace & Wallace, a Canadian manufacturer, distributor, and installer of perimeter fencing, door, and gate solutions. The acquisition, announced on March 4, 2025, aligns with ASSA ABLOY's strategic goals and is expected to create value for both customers and shareholders.



Founded in 1946, Wallace & Wallace has approximately 160 employees and operates from its main office and factory in Winnipeg, Manitoba, Canada. The company will be integrated into ASSA ABLOY's Business Segment Perimeter Security within the Entrance Systems Division. In 2024, Wallace & Wallace reported sales of approximately MCAD 57 (MSEK 440) with a strong EBIT margin, making the acquisition accretive to earnings per share (EPS) from the start.

Nico Delvaux, President and CEO of ASSA ABLOY, expressed his enthusiasm about the acquisition: "I am very pleased to welcome Wallace & Wallace into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business." Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division, echoed Delvaux's sentiments, stating that the acquisition enhances and complements ASSA ABLOY's Perimeter Security portfolio, enabling the company to introduce new products to existing and new customers while further strengthening its presence in Central Canada.

The acquisition of Wallace & Wallace presents several potential synergies between ASSA ABLOY's existing product portfolio and Wallace & Wallace's offerings. These synergies can create value for customers and shareholders by providing a broader range of access and security solutions, driving revenue growth, improving profitability, and increasing market share. Additionally, the integration of Wallace & Wallace into ASSA ABLOY's Entrance Systems Division is expected to strengthen the company's competitive position in Central Canada and beyond by expanding its product portfolio, strengthening its Perimeter Security offerings, and gaining a stronger presence in the region.

In conclusion, ASSA ABLOY's acquisition of Wallace & Wallace is a strategic move that aligns with the company's goals of strengthening its position in mature markets and enhancing its perimeter security portfolio. The acquisition is expected to create value for customers and shareholders by providing a broader range of access and security solutions, driving revenue growth, and improving profitability. As ASSA ABLOY continues to integrate Wallace & Wallace into its operations, investors can anticipate a stronger, more diversified company with a competitive edge in the access solutions market.