ASSA ABLOY Acquires Sargent and Greenleaf to Enhance High-Security Locking Solutions

ASSA ABLOY Acquires Sargent and Greenleaf to Enhance High-Security Locking Solutions

(IN BRIEF) ASSA ABLOY has acquired Sargent and Greenleaf, a U.S.-based manufacturer with a long heritage in high-security mechanical and electronic locking solutions. The transaction supports ASSA ABLOY’s strategy of strengthening its core business in mature markets by adding complementary products and expertise. Founded in 1857 and headquartered in Kentucky, Sargent and Greenleaf employs around 100 people and reported sales of approximately USD 45 million in 2024. The acquisition enhances ASSA ABLOY’s secure access portfolio across commercial, institutional, and high-security environments and is expected to be accretive to earnings per share from the start.

(PRESS RELEASE) STOCKHOLM, 5-Jan-2026 — /EuropaWire/ — ASSA ABLOY AB (STO: ASSA-B), has completed the acquisition of Sargent and Greenleaf, a U.S.-based manufacturer specializing in high-security mechanical and electronic locking systems as well as safe and vault hardware. The transaction further strengthens ASSA ABLOY’s presence in established markets while expanding its portfolio of advanced secure access solutions.

The acquisition aligns with ASSA ABLOY’s strategy to enhance its core business through complementary technologies and products that address the growing demand for high-security applications. By integrating Sargent and Greenleaf’s long-standing expertise, ASSA ABLOY reinforces its ability to serve customers operating in environments where security, reliability, and precision are critical.

Founded in 1857, Sargent and Greenleaf has built a global reputation for innovation and trusted performance in high-security locking solutions. The company employs approximately 100 people, with its headquarters and manufacturing operations located in Nicholasville, Kentucky. Its products are widely used across commercial, institutional, and specialized high-security sectors.

For ASSA ABLOY’s Americas Division, the acquisition brings added depth to its secure access offering and creates new opportunities to develop solutions tailored to demanding customer needs. Sargent and Greenleaf’s established product range and technical capabilities are expected to support further growth across a range of mature and highly regulated markets.

In financial terms, Sargent and Greenleaf reported sales of approximately USD 45 million in 2024, equivalent to around SEK 470 million, with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the outset, supporting ASSA ABLOY’s continued focus on profitable growth and value creation.

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

About ASSA ABLOY

ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

SOURCE: ASSA ABLOY