STOCKHOLM, April 17, 2025 /PRNewswire/ -- In a strategic move to bolster its market position, ASSA ABLOY, a global leader in access solutions, has announced the acquisition of Pedestal PRO, a well-regarded American manufacturer known for its innovative access control pedestals, bollards, and cutting-edge mounting solutions. This acquisition is a testament to ASSA ABLOY's commitment to enhancing its product offerings and expanding its reach within mature markets.

Nico Delvaux, the President and CEO of ASSA ABLOY, expressed his enthusiasm regarding the acquisition, stating, "I am very pleased to welcome Pedestal PRO into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business." His words underscore the strategic importance of this purchase in ASSA ABLOY's overarching growth strategy.

Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division, shared his excitement about the integration of Pedestal PRO's innovative capabilities. He remarked, "Pedestal PRO is an established innovator that seamlessly integrates design, architectural elements, and access control technology, and I am excited for them to be part of ASSA ABLOY." This sentiment reflects the value that ASSA ABLOY places on innovation and design, which are key drivers in the access control sector.

Founded in 2002, Pedestal PRO operates out of Lindon, Utah, and employs approximately 50 individuals. The company has established itself as a significant player in the access control market, with a product range that enhances ASSA ABLOYs offerings in electromechanical solutions. In 2024, Pedestal PRO reported sales of around MUSD 11 (approximately MSEK 120) accompanied by a favorable EBIT margin, indicating a healthy financial performance. The acquisition is projected to be accretive to earnings per share (EPS) immediately.

For those interested in further details, ASSA ABLOY has provided contact information for key executives who can offer more insights. Nico Delvaux can be reached at +46 8 506 485 82, Erik Pieder, CFO and Executive Vice President, at +46 8 506 485 72, and Bjrn Tibell, Head of Investor Relations, at +46 70 275 67 68 or via email at bjorn.tibell@assaabloy.com.

About ASSA ABLOY

ASSA ABLOY stands at the forefront of global access solutions, dedicated to making people feel safe and secure while promoting an open world. With a workforce of 63,000 employees and sales reaching SEK 150 billion, the company holds leading positions in various fields, including efficient door openings, trusted identities, and entrance automation. ASSA ABLOYs innovations facilitate safe, secure, and convenient access to both physical and digital spaces, underscoring its commitment to enhancing security and user experience.

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