ASSA ABLOY acquires HKC Security and Security & Risk Communications in Ireland

ASSA ABLOY has acquired HKC, a leading manufacturer of ‘professional fit’ wired and wireless alarms and cloud-based monitoring solutions for both the commercial and residential markets. HKC was established in 1991 and has around 45 employees. The company’s head office and factory are located in Dublin, Ireland. Sales for 2018 are expected to reach EUR 18 million (approximately SEK 180 million) with a good EBIT margin. The acquisition will be accretive to EPS from the start.

Given the strong commercial synergies between HKC and ASSA ABLOY, the acquisition will create opportunities for growth while allowing both businesses to deliver greater value to their customers by offering a wider and more innovative product range.

HKC will continue to operate as an autonomous business as part of ASSA ABLOY, retaining the existing strong commercial and operational team that has made the company successful. In addition, existing customer contact points remain unchanged.

“I’m very pleased to welcome HKC into the ASSA ABLOY Group,” enthused Neil Vann, managing director and market region manager of ASSA ABLOY UK. “HKC is a very attractive addition to ASSA ABLOY thanks to its market-leading product portfolio, a strong track record of growth and new and innovative product development. HKC’s cloud-based self-monitoring technology together with ASSA ABLOY’s smart digital door locking solutions creates opportunities to add greater value for our customers.”

ASSA ABLOY is an international group with around 47,000 employees and reports global sales of close to £6.4 billion. In the UK, ASSA ABLOY is best known for the Yale and UNION brands and operates from its head office and main manufacturing centre in Willenhall.

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

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