ASSA ABLOY acquires Amecor in South Africa

January 2024 Editor's Choice, Perimeter Security, Alarms & Intruder Detection, News & Events

ASSA ABLOY has signed an agreement to acquire Amecor, a South African manufacturer of security communication equipment in the South African security market.

"I am very pleased to welcome Amecor into the ASSA ABLOY Group. This constitutes a next step in our strategy to further strengthen our position in this important market,” says Nico Delvaux, President and CEO of ASSA ABLOY.

"The Amecor team has a 30-year history in the South African security sector with a suite of reliable and leading products in the alarm segment. Amecor will reinforce our long-term commitment to the South African and sub-Saharan markets, and numerous synergies with our electronic security solutions business will greatly benefit our customers,” says Neil Vann, Executive Vice President of ASSA ABLOY and Head of the EMEIA Division.

Amecor was established in 1994 and has some 120 employees. The main office and factory are located in Johannesburg. Sales for 2022 amounted to about R270 million with a strong EBIT margin. The acquisition will be accretive to EPS from the start.

The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the second quarter of 2024.




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Highest increase in global cyberattacks in two years
Information Security News & Events
Check Point Global Research released new data on Q2 2024 cyber-attack trends, noting a 30% global increase in Q2 2024, with Africa experiencing the highest average weekly per organisation.

Read more...
Surveillance on the perimeter
Axis Communications SA Hikvision South Africa Technews Publishing Editor's Choice Perimeter Security, Alarms & Intruder Detection
Cameras have long been a feature in perimeter security, with varying reports of success and failure, often dependent on the cameras’ planning, installation and configuration, as well as their integration with other perimeter solutions and centralised management platforms.

Read more...
Onyyx wireless alarm
Technews Publishing Editor's Choice Smart Home Automation
IDS has introduced Onyyx, a wireless alarm system engineered to provide complete system control via the Onyyx app or keyring, as well as seamless installation.

Read more...
Visual verification raises the security game
Technews Publishing Inhep Electronics Holdings Videofied SA Editor's Choice Perimeter Security, Alarms & Intruder Detection
Incorporating alarm signals with live surveillance footage, visual verification enables a human observer in a control room (onsite or offsite) to gain a clear understanding of the situation, thereby facilitating informed decision-making.

Read more...
The AX Hybrid PRO Series offers reliable wired and wireless protection
Hikvision South Africa Editor's Choice Perimeter Security, Alarms & Intruder Detection Products & Solutions
Hikvision has announced the launch of a new AX Hybrid PRO alarm system with innovative Hikvision ‘Speed-X’ transmission technology. This system offers reliable wired protection while delivering expanded flexibility with seamless wireless integration.

Read more...
A critical component of perimeter security
Nemtek Electric Fencing Products Gallagher Technews Publishing Stafix Editor's Choice Perimeter Security, Alarms & Intruder Detection Integrated Solutions
Electric fences are standard in South Africa, but today, they also need to be able to integrate with other technologies and become part of a broader perimeter security solution.

Read more...
SMARTpod talks to The Risk Management Forum
SMART Security Solutions Editor's Choice News & Events Security Services & Risk Management Videos Training & Education
SMART Security Solutions recently released its first SMARTpod podcast, discussing the upcoming Risk Management Forum Conference 2024, which will be held on 26 September 2024 at the Indaba Conference Centre in Fourways, Johannesburg.

Read more...
There is a SaaS for everything, but at what cost, especially to SMEs?
Editor's Choice Information Security Security Services & Risk Management
Relying on SaaS platforms presents significant cybersecurity risks as the number of providers in your landscape increases, expanding your attack surface. It is important to assess the strength of the SaaS providers in your chain.

Read more...
New State of Physical Access Control Report from HID
HID Global Editor's Choice Access Control & Identity Management News & Events
HID released the 2024 State of Physical Access Control Report, identifying five key trends shaping access control's future and painting a picture of an industry that has been undergoing considerable transformation.

Read more...
Addressing today’s mining challenges: cyber risks beyond IT
Editor's Choice Information Security Mining (Industry)
Despite the mining industry’s operational technology systems being vulnerable to cyberattacks, many decision-makers still see these threats as purely an IT issue, even though a breach could potentially disrupt mining operations.

Read more...