Assa Abloy signed an agreement to acquire Keyper Systems, a leading supplier of electronic and mechanical key management systems in the U.S. with a strong presence in the automotive segment. The acquisition is conditional upon satisfaction of customary closing conditions and is expected to close during the first quarter of 2019.
"I am very pleased to welcome Keyper Systems into the Assa Abloy Group,” says Nico Delvaux, president and CEO of Assa Abloy. “The acquisition of Keyper Systems enhances our global product offering in this area and will provide synergy opportunities in North America and other markets."
Keyper Systems was established in 1993 and has approximately 25 employees. The head office is located in Harrisburg, North Carolina.
"Keyper Systems will complement our products within intelligent key and asset management solutions offered by Traka, which is part of the business unit Assa Abloy Global Solutions (previously Hospitality) as of [Jan. 1, 2019],” says Christophe Sut, executive vice president and head of global technologies business unit Assa Abloy Global Solutions. “The acquisition will also strengthen our position and installed based in the U.S. as well as provide an attractive opportunity to accelerate our global growth."
