ASSA ABLOY Acquires TeleAlarm Group in Germany, Expanding Senior Care Solutions
Deal News | May 16, 2025 | PR Newswire Cision ASSA ABLOY
ASSA ABLOY, a global leader in access solutions, has completed the acquisition of TeleAlarm Group, a German-based provider of remote care technology. This acquisition will enhance ASSA ABLOY's offerings in the Senior Care business area, providing complementary growth opportunities. TeleAlarm, known for its robust R&D capabilities and high-quality solutions, serves a broad range of customers in the social and home care sectors. The acquisition is expected to be accretive to earnings per share (EPS) from the start. TeleAlarm, founded in 1956, has its main office in Leipzig, Germany, and employs around 70 people. With sales of approximately MEUR 29 (MSEK 330) in 2024, the company recorded a solid EBIT margin. This strategic move aligns with ASSA ABLOY's commitment to enhancing safe, secure, and convenient access solutions worldwide.
Sectors
- Access Solutions
- Health and Social Care Technology
- Corporate Acquisitions
Geography
- Germany – TeleAlarm is based in Leipzig, Germany, and the acquisition involves a company located there.
- Sweden – ASSA ABLOY, the acquiring company, is based in Stockholm, Sweden.
Industry
- Access Solutions – ASSA ABLOY is a global leader in access solutions, dealing with door opening, trusted identities, and entrance automation.
- Health and Social Care Technology – TeleAlarm specializes in remote care technology for social and home care, representing this industry sector.
- Corporate Acquisitions – The acquisition of TeleAlarm by ASSA ABLOY is a significant corporate transaction in this domain.
Financials
- MEUR 29 (approx. MSEK 330) – Sales for TeleAlarm in 2024, reflecting its business value.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ASSA ABLOY | Acquiring Company | Company | A global leader in access solutions, focused on enhancing safety, security, and convenience. |
| TeleAlarm Group | Target Company | Company | A German-based provider of remote care technology serving social and home care segments. |
| Nico Delvaux | CEO of ASSA ABLOY | People | President and CEO of ASSA ABLOY, overseeing the strategic acquisition. |
| Stephanie Ordan | Executive Vice President, Head of Global Technologies | People | Key figure in driving the integration of TeleAlarm into ASSA ABLOY's solutions. |