Assa Abloy purchases cloud-based security service provider, SiteOwl
Assa Abloy Announces Acquisition of SiteOwl
In a significant move, global leader in openings solutions, Assa Abloy, has announced the acquisition of SiteOwl, a cloud-based platform specialising in physical security. The terms of the deal were not disclosed.
This strategic acquisition is expected to bolster Assa Abloy's product and service offerings in locks, doors, gates, and entrance automation. It will also advance Assa Abloy’s digital transformation and enhance its physical security lifecycle management offerings.
SiteOwl’s platform unifies the management of physical security assets, projects, teams, and audits. This allows enterprise security teams and system integrators to manage access control infrastructure more efficiently in one centralised interface.
The acquisition positions Assa Abloy at the forefront of bridging physical and digital access control through recurring, software-based solutions. It expands their product portfolio beyond traditional mechanical and electronic locks into high-margin, AI-driven, and subscription-based security lifecycle management.
Key impacts on Assa Abloy’s product and service offerings include the integration of lifecycle management software, digital transformation leadership, broader market reach and customer value, and support for sustainable and smart building initiatives.
With SiteOwl's platform, Assa Abloy customers can now plan, track, install, service, and maintain security systems throughout their entire lifecycle via a unified cloud-based system. The acquisition accelerates Assa Abloy’s pivot toward software and digital services, enhancing recurring revenue streams and improving operational margins through subscription models with AI-driven analytics.
SiteOwl manages over 2.5 million devices across 10,000+ sites from sectors like education, healthcare, logistics, and critical infrastructure. This acquisition enables Assa Abloy to deepen ties with system integrators and end users and add new growth opportunities.
Aligning with ESG goals, the digital tools provided by SiteOwl reduce delays, improve security infrastructure clarity and control, and can lower carbon footprint and electronic waste.
Overall, this acquisition strengthens Assa Abloy's competitive edge by combining its hardware and access control legacy with SiteOwl’s cloud-native agility to serve evolving customer needs in physical security lifecycle management. It sets the company up for leadership in the growing digital access control market.
[1] Assa Abloy Press Release
[2] SiteOwl Overview
[3] Assa Abloy Product Offerings
[4] Assa Abloy Sustainability Initiatives
[5] SiteOwl's Impact on Assa Abloy
- The acquisition of SiteOwl sets Assa Abloy on a path to advance in the digital transformation of its business, particularly in finance, with recurring revenue streams and improved operational margins through software-based solutions and subscription models.
- This strategic investment in SiteOwl will bolster Assa Abloy's technology offerings, enabling the management of physical security assets throughout the entire lifecycle via a unified cloud-based system, and furthering Assa Abloy's product portfolio to include high-margin, AI-driven, and subscription-based security solutions.
