ASSA ABLOY Group Acquires LifeSafety Power Inc
LifeSafety Power Inc., a company founded in 2009 has been acquired by ASSA ABLOY Group. The acquisition took place Sept. 5.
LifeSafety Power Inc., a company founded in 2009 has been acquired by ASSA ABLOY Group. The acquisition took place Sept. 5.
LifeSafety Power is an innovator and specialist in physical security and access control, creating a new category of intelligent networking power solutions that monitor and manage system connectivity across the enterprise.
Embracing technology partnerships with some of the most recognizable companies in the industry, LifeSafety Power carved a unique niche, and along the way received numerous awards for its innovation, including SIA’s New Product of the Year; Security Today magazine’s New Product of the Year; Most Valuable Product; and many others.LifeSafety Power will continue its mission to provide leading-edge enhancements and new product development in power solutions, having developed a loyal and dedicated customer base.
“We’re excited about the acquisition and the opportunity to continue to innovate under the strength of ASSA ABLOY,” said Larry Ye, president and CEO of LifeSafety Power. “This is an important and critical step in the ongoing expansion of our company and our drive to offer the latest networking developments to the industry. With this acquisition, we will complement the access control portfolio provided by ASSA ABLOY, but will keep our uniqueness, which has brought us success and is part of our DNA. We will continue to be nimble in addressing the needs of the industry and our customers—and the secret sauce that brought LifeSafety Power to this pivotal point will remain.”