Assa Abloy Acquires Level Lock

September 16, 2024
Merger & Acquisition News

 

Assa Abloy has acquired Level Lock, a technology solutions business based in Redwood City, California. Level Lock was founded in 2016 and has some 70 employees.

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What Assa Abloy says

"I am very pleased to welcome Level Lock into the Assa Abloy Group. This acquisition is an exciting technological addition to the Assa Abloy Group and will provide complementary growth opportunities,” says Nico Delvaux, president and CEO, Assa Abloy.

"The acquisition of Level Lock complements Assa Abloy’s technology portfolio and strengthens our digital offering across multiple businesses in the Americas division,” says Lucas Boselli, executive vice president and head of the Americas division, Assa Abloy. “Their innovative platform provides an easy transition from mechanical locking to digital access solutions with minimal effort.”