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ASSA ABLOY (NASDAQ Stockholm: ASSA_B), a global leader in access solutions with $15.6 billion in annual sales and 63,000 employees, has acquired Pedestal PRO, a Utah-based manufacturer of access control mounting solutions.
Founded in 2002, Pedestal PRO specializes in designing and manufacturing universal and device-specific mounting solutions for security systems integrators and professionals globally. The company also offers custom design and fast-track fabrication services.
The acquisition strengthens ASSA ABLOY's presence in mature markets by enhancing its core business, as Pedestal PRO's products integrate seamlessly with ASSA ABLOY solutions. The founders and leadership team of Pedestal PRO, including CEO Pike Goss, will remain in place to support continued growth.
