ASSA ABLOY has acquired NSP Security in the UK, adding a business that designs, manufactures, and installs electronic access control solutions, primarily for student accommodation.
The company said NSP strengthens its hospitality-focused offering within ASSA ABLOY’s Global Solutions business area and creates additional growth opportunities by expanding its access control capabilities. NSP will be integrated into Global Solutions, within the Hospitality business area.
Founded in 1993, NSP has about 20 employees and is headquartered in Borehamwood, UK. ASSA ABLOY said NSP’s 2024 sales totaled about MGBP 8, or approximately MSEK 100, and described the business as having a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the start.
KEY QUOTES
“I am very pleased to welcome NSP into ASSA ABLOY, an exciting technological addition that will reinforce our current offering within the hospitality business, and provide complementary growth opportunities.”
Nico Delvaux, President And CEO, ASSA ABLOY
“NSP is a provider of electronic access control solutions to a broad range of customers across the student accommodation segment. NSP is an excellent addition to Global Solutions and with its strong expertise in access control, expands our offerings across the Hospitality business area. We welcome the team at NSP to the ASSA ABLOY family,”
Stephanie Ordan, Executive Vice President And Head Of Global Technologies Business Unit Global Solutions, ASSA ABLOY
