ASSA ABLOY strengthens its Global Solutions business with acquisition of student accommodation access control provider NSP Security

ASSA ABLOY strengthens its Global Solutions business with acquisition of student accommodation access control provider NSP Security

(IN BRIEF) ASSA ABLOY has acquired UK-based NSP Security, a specialist in electronic access control solutions primarily serving the student accommodation sector, strengthening its hospitality and smart access portfolio. The acquisition brings additional technological capabilities and growth potential to ASSA ABLOY’s Global Solutions business area, while NSP’s strong financial performance, with around GBP 8 million in 2024 sales and a solid EBIT margin, makes the deal accretive to earnings from the start.

(PRESS RELEASE) STOCKHOLM, 3-Feb-2026 — /EuropaWire/ — ASSA ABLOY AB (STO: ASSA-B) has completed the acquisition of NSP Security (NSP), a UK-based specialist in electronic access control solutions with a strong focus on the student accommodation sector. The transaction strengthens ASSA ABLOY’s presence in the hospitality and smart access market by adding a technologically advanced and complementary capability to its existing portfolio.

Nico Delvaux, President and CEO of ASSA ABLOY, said that the acquisition represents a valuable technological enhancement to the group’s hospitality offering. He emphasized that NSP’s expertise will not only reinforce ASSA ABLOY’s current capabilities but also create new growth opportunities within the segment.

Stephanie Ordan, Executive Vice President and Head of Global Technologies’ Global Solutions business unit, highlighted that NSP brings deep experience in electronic access control systems across a broad range of student accommodation customers. She noted that the company is a strong strategic fit for Global Solutions and will expand ASSA ABLOY’s reach within the Hospitality business area. She also welcomed NSP’s employees to the ASSA ABLOY organization.

Founded in 1993, NSP Security employs approximately 20 people and is headquartered in Borehamwood, United Kingdom. The company specializes in the design, manufacturing, and installation of access control systems tailored primarily to the needs of modern student housing providers, where security, scalability, and digital integration are increasingly important.

Following the acquisition, NSP will be integrated into ASSA ABLOY’s Global Solutions business area under the Hospitality division, aligning it with the group’s broader strategy to develop smart, secure, and digitally connected access solutions for accommodation and commercial environments.

NSP generated sales of approximately GBP 8 million in 2024, equivalent to around SEK 100 million, with a strong EBIT margin. ASSA ABLOY confirmed that the acquisition will be accretive to earnings per share from the outset, reflecting NSP’s solid financial performance and strategic value to the group.

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