"Doorbird is a strategic technological addition to the Assa Abloy Group and will reinforce our offering with IP door intercom and provide complementary growth opportunities,” says Nico Delvaux, President and CEO of Assa Abloy.

"I am delighted to welcome the Doorbird team to the EMEIA Division. This acquisition supports our efforts to accelerate our growth in the Smart Residential segment and continue our journey as a leader in home security. Doorbird has built a successful and attractive product and service offering, that is highly respected in the markets they serve, and I look forward to working with them on their evolution within the Assa Abloy family,” says Neil Vann, Executive Vice President of Assa Abloy and Head of EMEIA Division.

Doorbird was established in 2014 and has around 110 employees, with its main office located in Berlin, Germany. Sales for 2021 amounted to about MEUR 21 (approx. MSEK 220) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.