ASSA ABLOY acquires Bird Home Automation GmbH in Germany
ASSA ABLOY has acquired Bird Home Automation GmbH, the German manufacturer of IP door intercoms, for single and multi-family buildings. The acquisition aims to enhance ASSA ABLOY's offering in the Smart Residential segment, supporting growth and innovation in home security. With 110 employees and sales of approximately MEUR 21 in 2021, DoorBird is expected to contribute positively to ASSA ABLOY's earnings per share (EPS) from the outset, reinforcing its strategic position in residential security.
- Acquisition of DoorBird enhances ASSA ABLOY's Smart Residential segment.
- Expected EPS accretion from DoorBird acquisition from the start.
- DoorBird's established market presence and respected product line strengthen ASSA ABLOY's offerings.
- None.
STOCKHOLM, Oct. 6, 2022 /PRNewswire/ -- ASSA ABLOY has acquired Bird Home Automation GmbH ("DoorBird"), a German manufacturer of high-quality IP door intercom for single and multi-family buildings, for indoor station or smartphone control, marketed under the trademark DoorBird.
"I look forward to welcoming DoorBird and their employees into the ASSA ABLOY Group. DoorBird is a strategic technological addition to the ASSA ABLOY Group and will reinforce our offering with IP door intercom and provide complementary growth opportunities," says Nico Delvaux, President and CEO of ASSA ABLOY.
"I am delighted to welcome the DoorBird team to the EMEIA Division. This acquisition supports our efforts to accelerate our growth in the Smart Residential segment and continue our journey as a leader in home security. DoorBird has built a successful and attractive product and service offering, that is highly respected in the markets they serve, and I look forward to working with them on their evolution within the ASSA ABLOY family," says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division.
DoorBird was established in 2014 and has some 110 employees. The main office is located in Berlin, Germany.
Sales for 2021 amounted to about MEUR 21 (approx. MSEK 220) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.
For more information, please contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 51,000 employees and sales of SEK 95 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. 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.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Press release (PDF) | |
DoorBird | |
https://news.cision.com/assa-abloy/i/doorbird-indoor-station,c3097689 | DoorBird indoor-station |
View original content:https://www.prnewswire.com/news-releases/assa-abloy-acquires-bird-home-automation-gmbh-in-germany-301642323.html
SOURCE ASSA ABLOY
FAQ
What does ASSA ABLOY's acquisition of Bird Home Automation GmbH involve?
What are the financial highlights of DoorBird before its acquisition by ASSA ABLOY?
How will the acquisition of DoorBird affect ASSA ABLOY's earnings?
When was the acquisition of Bird Home Automation GmbH announced?
Where is Bird Home Automation GmbH located?
