ASSA ABLOY’s Latest Acquisition: Wallace & Wallace and Wallace Perimeter Security
STOCKHOLM, March 4, 2025 – In an exciting turn of events, ASSA ABLOY, the global leader in access solutions, has announced the acquisition of Wallace & Wallace and Wallace Perimeter Security, a prominent Canadian manufacturer, distributor, and installer of perimeter fencing, door, and gate solutions for the commercial and residential markets.
About Wallace & Wallace and Wallace Perimeter Security
Founded in 1992, Wallace & Wallace and Wallace Perimeter Security have been serving customers in Canada and beyond with their extensive range of security solutions. Their product offerings include high-security perimeter fencing, automated gates, turnstiles, and doors, catering to various industries such as government, transportation, and commercial and residential sectors.
Impact on Consumers
For consumers, this acquisition means an expansion of choices and access to innovative security solutions. ASSA ABLOY’s extensive global reach and resources will enable Wallace & Wallace and Wallace Perimeter Security to enhance their product development and customer service capabilities. Consumers can expect a wider range of high-quality, secure, and reliable perimeter and access solutions tailored to their needs.
- Enhanced product offerings: Access to a broader range of security solutions from a global leader in access solutions.
- Innovative technologies: Incorporation of the latest technologies to create more advanced and effective security solutions.
- Improved customer service: Enhanced support and responsiveness through ASSA ABLOY’s extensive network and resources.
Impact on the World
The acquisition of Wallace & Wallace and Wallace Perimeter Security by ASSA ABLOY is expected to have a significant impact on the global security industry. With ASSA ABLOY’s acquisition strategy focusing on expanding its presence in the access solutions market, this move further strengthens their position as a global leader.
- Increased competition: Raising the bar for competitors in the security solutions market.
- Job creation and economic growth: Creating new employment opportunities and contributing to the Canadian economy.
- Innovation and technology: Driving the development of advanced security solutions through research and development.
Conclusion
ASSA ABLOY’s acquisition of Wallace & Wallace and Wallace Perimeter Security marks a strategic move to strengthen its position as a global leader in access solutions. Consumers can look forward to a wider range of high-quality, secure, and reliable security solutions, while the world witnesses the ripple effects of this acquisition on the security industry. This acquisition is a testament to ASSA ABLOY’s commitment to innovation, growth, and providing top-notch security solutions to its customers.
As we move forward, ASSA ABLOY and Wallace & Wallace and Wallace Perimeter Security will continue to collaborate and innovate, creating a brighter future for security solutions and the safety of people and their belongings. Stay tuned for more updates and exciting developments from ASSA ABLOY and its latest addition to the group.
Together, we are securing the future.
