Assa Abloy Acquires Wallace & Wallace and Wallace Perimeter Security

Assa Abloy has acquired Wallace & Wallace and Wallace Perimeter Security, a Canadian manufacturer and installer of perimeter fencing, door, and gate solutions.

The acquisition strengthens Assa Abloy’s position in the industry, expanding its presence in the commercial and residential markets.

Key Details of the Acquisition

• Assa Abloy acquired Wallace & Wallace and Wallace Perimeter Security, a Canadian company
• The acquisition is a strategic step to expand Assa Abloy’s presence in the commercial and residential markets
• Financial details of the acquisition are not disclosed

Market Reaction

The company’s shares have experienced a notable increase in value following the announcement.

Expected Impact

The acquisition is expected to contribute positively to Assa Abloy’s growth and market position.