ASSA ABLOY AB (publ) (OM:ASSA B) acquired Sennco Solutions Inc. on March 3, 2026. Sennco will be part of Global Solutions business area Retail.
For the period ending December 31, 2025, Sennco Solutions Inc. reported total revenue of $33 million. Sennco has 40 employees. The acquisition will be accretive to EPS from the start.
ASSA ABLOY AB (publ) (OM:ASSA B) completed the acquisition of Sennco Solutions Inc. on March 3, 2026.
Assa Abloy AB is the world's leading manufacturer of locking systems. Net sales break down by family of products as follows:
- security doors and systems (45.3%): shielded and automatic doors, magnetic card locking systems (for use by hotels) and security systems for parking meters, slot machines), etc.;
- electronic and electromechanical locking systems (31.2%): access codes, electronic locks, etc.;
- mechanical locking systems (23.5%): locks, padlocks, bolts, etc.
Net sales are distributed geographically as follows: Europe (32.9%), North America (53.2%), Asia (6.2%), Oceania (3.5%), Central and South America (3.1%) and Africa (1.1%).
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