(IN BRIEF) ASSA ABLOY has acquired Pedestal PRO, a Utah-based manufacturer of access control pedestals and mounting solutions, further expanding its presence in mature markets and enhancing its electromechanical portfolio. With around 50 employees and 2024 sales of approximately USD 11 million, Pedestal PRO is known for integrating aesthetics and technology in its designs. The acquisition aligns with ASSA ABLOY’s strategic goals and is expected to be accretive to EPS from day one.
(PRESS RELEASE) STOCKHOLM, 17-Apr-2025 — /EuropaWire/ — ASSA ABLOY has announced the acquisition of Pedestal PRO, a U.S.-based manufacturer renowned for its custom-designed pedestals, bollards, and mounting solutions for access control systems. This move reinforces ASSA ABLOY’s strategy to expand its footprint in mature markets by integrating complementary products into its core offerings.
Nico Delvaux, President and CEO of ASSA ABLOY, highlighted the strategic importance of the acquisition, stating, “Bringing Pedestal PRO into the ASSA ABLOY family supports our mission to enhance our presence in established markets by adding innovative, value-driven solutions to our portfolio.”
Based in Lindon, Utah, Pedestal PRO has built a strong reputation for seamlessly combining design, architectural aesthetics, and security technology. The company, founded in 2002, currently employs around 50 people and operates both its headquarters and production facility in Utah.
Lucas Boselli, Executive Vice President and Head of the Americas Division at ASSA ABLOY, added: “Pedestal PRO is a trusted brand known for its versatile mounting products that complement modern access control technologies. Their integration into our business enriches our electromechanical solutions and boosts our value proposition for access control manufacturers, integrators, and security professionals.”
In 2024, Pedestal PRO generated approximately USD 11 million (MSEK 120) in sales and demonstrated a healthy EBIT margin. The acquisition is expected to be immediately accretive to ASSA ABLOY’s earnings per share.
ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com
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First published in this link of EuropaWIRE.
