ASSA ABLOY acquires SiteOwl in the US

Rhea-AI Summary

ASSA ABLOY (OTC:ASAZY) has announced the acquisition of SiteOwl, a cloud-based platform specializing in physical security lifecycle management. Founded in 2020 and based in Austin, Texas, SiteOwl's technology will enhance ASSA ABLOY's current offerings in the access control industry.

The strategic acquisition aims to transform how system integrators, service providers, and end-users manage their access control infrastructure by combining ASSA ABLOY's specification expertise with SiteOwl's lifecycle management platform. This move reinforces ASSA ABLOY's position in the digital transformation of security management.

Positive

• Strategic expansion into cloud-based security lifecycle management
• Enhancement of digital service offerings in access control industry
• Strengthening of technological capabilities in security management
• Complementary growth opportunities in physical security solutions

Negative

• Acquisition of relatively young company (founded 2020) may pose integration risks
• Financial terms not disclosed, limiting assessment of deal value

STOCKHOLM, Aug. 18, 2025 /PRNewswire/ -- ASSA ABLOY has acquired SiteOwl, a leading cloud-based platform that modernizes physical security lifecycle management.

"I am very pleased to welcome SiteOwl to ASSA ABLOY, an exciting technological addition that will reinforce our current offering within physical security lifecycle management, and provide complementary growth opportunities," says Nico Delvaux, President and CEO of ASSA ABLOY.

"The SiteOwl acquisition represents an important enhancement to how we support the access control industry," says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. "We're reshaping how system integrators, service providers, and end-users manage their access control infrastructure. Combining our proven specification expertise with SiteOwl's lifecycle management platform creates value for our customers and positions us at the forefront of this digital transformation."

SiteOwl was founded in 2020. The main office is located in Austin, Texas, USA.

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

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.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-acquires-siteowl-in-the-us,c4218999

The following files are available for download:

https://mb.cision.com/Main/7333/4218999/3612255.pdf	Press release (PDF)
https://news.cision.com/assa-abloy/i/site-owl,c3461013	site-owl

 

 

 

View original content:https://www.prnewswire.com/news-releases/assa-abloy-acquires-siteowl-in-the-us-302532002.html

SOURCE ASSA ABLOY

FAQ

What company did ASSA ABLOY (ASAZY) acquire in August 2025?

ASSA ABLOY acquired SiteOwl, a cloud-based platform specializing in physical security lifecycle management, based in Austin, Texas.

When was SiteOwl founded and where is it located?

SiteOwl was founded in 2020 and is headquartered in Austin, Texas, USA.

How will the SiteOwl acquisition benefit ASSA ABLOY?

The acquisition will enhance ASSA ABLOY's physical security lifecycle management offerings and provide complementary growth opportunities by combining their specification expertise with SiteOwl's platform.

What is SiteOwl's main business focus?

SiteOwl operates a cloud-based platform that modernizes physical security lifecycle management, serving system integrators, service providers, and end-users.

Who announced the SiteOwl acquisition for ASSA ABLOY?

The acquisition was announced by Nico Delvaux, President and CEO of ASSA ABLOY, and commented on by Lucas Boselli, Executive Vice President and Head of the Americas Division.