ASSA ABLOY has acquired Sennco Solutions, a US-based provider of asset protection technology and retail security solutions focused primarily on the health and beauty segment. The acquisition strengthens ASSA ABLOY’s Retail business area within its Global Solutions division, adding complementary anti-theft capabilities and expanding its footprint in retail security technologies.
Sennco, founded in 2000 and headquartered in Plainfield, Illinois, employs approximately 40 people. The company generated sales of about $33 million in 2025, equivalent to approximately SEK 330 million, and reported a strong EBIT margin. The transaction is expected to be accretive to earnings per share from the outset.
Following the acquisition, Sennco will be integrated into ASSA ABLOY’s Global Solutions business area Retail.
ASSA ABLOY, headquartered in Stockholm, operates globally with 64,000 employees and annual sales of SEK 152 billion. The company is known for its leadership in access solutions, including efficient door openings, trusted identities, and entrance automation.
KEY QUOTES:
“I am very pleased to welcome Sennco into ASSA ABLOY, an exciting technological addition that will reinforce our current offering within the Retail business area, and provide complementary growth opportunities.”
Nico Delvaux, President and CEO of ASSA ABLOY
“Sennco is a provider of retail security solutions to a broad range of customers across the health and beauty retail segment. Sennco is an excellent addition to Global Solutions. Their expertise in anti-theft solutions, expands our offerings across the Retail business area. I look forward to working with Sennco’s successful and experienced team.”
Stephanie Ordan, Executive Vice President and Head of Global Technologies business unit Global Solutions at ASSA ABLOY
