ASSA ABLOY Acquires TeleAlarm to Strengthen Senior Care Business and Expand Remote Care Technology Offering

ASSA ABLOY Acquires TeleAlarm to Strengthen Senior Care Business and Expand Remote Care Technology Offering

(IN BRIEF) ASSA ABLOY has acquired TeleAlarm Group, a provider of remote care technology based in Leipzig, Germany. TeleAlarm’s solutions, which combine hardware and software to support independent living in the social care and home care sectors, will complement ASSA ABLOY’s existing Senior Care business. With a 2024 sales figure of MEUR 29 and a strong EBIT margin, the acquisition is expected to immediately enhance ASSA ABLOY’s earnings per share.

(PRESS RELEASE) STOCKHOLM, 16-May-2025 — /EuropaWire/ — ASSA ABLOY AB (STO: ASSA-B), leader in locks, doors, gates, and entrance automation, has announced the acquisition of TeleAlarm Group (“TeleAlarm”), a leading European provider of remote care technology. Headquartered in Leipzig, Germany, TeleAlarm specializes in combining hardware and software solutions to enable independent living within the social care and home care sectors.

“I am delighted to welcome TeleAlarm into the ASSA ABLOY family. This acquisition represents an exciting technological addition that will strengthen our Senior Care business area and create complementary growth opportunities,” said Nico Delvaux, President and CEO of ASSA ABLOY.

“TeleAlarm is a recognized leader in remote care technology, offering integrated solutions to a wide range of customers across social and home care sectors. The company’s advanced R&D capabilities and high-quality offerings will enhance our core capabilities in Senior Care. I am eager to collaborate with TeleAlarm’s talented and experienced team,” added Stephanie Ordan, Executive Vice President and Head of the Global Technologies business unit within Global Solutions.

Founded in 1956, TeleAlarm employs approximately 70 people and will join ASSA ABLOY’s Global Solutions business area, specifically within the Senior Care segment. In 2024, TeleAlarm reported sales of approximately MEUR 29 (around MSEK 330) and achieved a solid EBIT margin. The acquisition is expected to be accretive to earnings per share (EPS) immediately upon completion.

Media 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
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