This Research Note examines the technology strategy of ASSA ABLOY, the Swedish-headquartered global access control business, by analyzing the acquisitions, partnerships, divestments, and investments of the group’s Global Technologies division. In part 2, we have mapped the strategic direction of the Global Solutions business unit by categorizing the various transactions by vertical market since January 2023. Part 1 covers the technology strategy of the HID business. This article updates our previous coverage of the company in September 2023 and June 2024. ASSA ABLOY Global Solutions Overview Global Solutions was founded to support the adoption of electronic access, software, and identity solutions across industry specialisms. The business unit has vertical market segments in the hospitality, marine, senior care, construction, key and asset management, critical infrastructure, self-storage, and retail segments. Global Solutions accounted for 35% of Global Technologies division revenues, or around $880 million, according to ASSA ABLOY 2024 Annual Report. Strategy Mapping We have identified 14 […]
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