ASSA ABLOY Acquires US Retail Security Specialist Sennco Solutions to Expand Global Retail Offering

ASSA ABLOY Acquires US Retail Security Specialist Sennco Solutions to Expand Global Retail Offering

(IN BRIEF) ASSA ABLOY has acquired Sennco Solutions, a US provider of asset protection and retail security solutions focused on the health and beauty segment. Based in Plainfield, Illinois, Sennco generates approximately USD 33 million in annual sales and employs around 40 people. The acquisition strengthens ASSA ABLOY’s Retail business area within its Global Solutions division and expands its anti-theft technology portfolio. The transaction is expected to be accretive to earnings per share from the beginning, supporting the group’s continued growth in retail security solutions.

(PRESS RELEASE) STOCKHOLM, 3-Mar-2026 — /EuropaWire/ — ASSA ABLOY AB (STO: ASSA-B) has completed the acquisition of Sennco Solutions, a US-based provider of asset protection technologies and retail security solutions, primarily serving the health and beauty segment. The transaction strengthens ASSA ABLOY’s position within its Retail business area and enhances its portfolio of technology-driven security offerings.

Sennco specializes in anti-theft and display security solutions designed to protect high-value retail merchandise while maintaining an engaging customer experience. By integrating Sennco into its Global Solutions division, ASSA ABLOY expands its expertise in retail-focused asset protection and reinforces its ability to serve a broad customer base in the United States.

Nico Delvaux, President and CEO of ASSA ABLOY, described Sennco as a valuable technological addition that complements the company’s existing retail security portfolio and supports continued growth within the segment.

Stephanie Ordan, Executive Vice President and Head of Global Technologies business unit Global Solutions, highlighted Sennco’s strong market position in the health and beauty retail space. She noted that the company’s capabilities in anti-theft solutions broaden ASSA ABLOY’s retail offering and create additional opportunities across its Global Solutions platform.

Founded in 2000, Sennco employs approximately 40 people and is headquartered in Plainfield, Illinois. Following the acquisition, Sennco will operate within ASSA ABLOY’s Global Solutions business area Retail.

For 2025, Sennco reported sales of approximately USD 33 million, equivalent to around SEK 330 million, with a strong EBIT margin. The acquisition is expected to have a positive impact on earnings per share from the outset.

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

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