On the heels of its acquisition of International Door Products, ASSA ABLOY has acquired Sargent and Greenleaf, a U.S. manufacturer of high-security mechanical and electronic locking solutions and safe hardware.

“I am very pleased to welcome Sargent and Greenleaf to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” said Nico Delvaux, president and CEO, ASSA ABLOY.

Lucas Boselli, executive vice president, ASSA ABLOY, and head of the Americas division, added, “Sargent and Greenleaf has set the benchmark for high-security locking solutions with decades of proven innovation and trusted performance. This acquisition strengthens our secure access portfolio and brings Sargent and Greenleaf’s renowned expertise closer to our customers. We’re excited to explore new applications and growth opportunities across commercial, institutional, and high-security environments.”

The acquisition will be accretive to EPS from the start.