This Research Note examines the technology strategy of Assa Abloy, the global vendor in the access solutions space. We have mapped M&A activity in physical security, access control and identification solutions by categorizing the various acquisitions by technology over the last 2 years (January 2022 to date). The strategy presentation slide (shown below) at the Capital Markets Day on 16th November 2022 recorded the continuous level of acquisition activity since 2012, ranging from 12 in number to 20. We have subsequently seen that 2022 was a record year for acquisitions. 21 acquisitions with combined annual sales of more than SEK 7 billion were subsequently reported in Assa Abloy’s Annual Report 2022. Assa Abloy Capital Markets Day Strategy Presentation, 16 November 2022 Memoori has identified 10 acquisitions in 2022 and 2023 to date focused on digital solutions for access control and identification technologies across commercial and residential applications in three Assa Abloy divisions: Global Technologies, Opening […]