Flexible Electronics News

ASSA ABLOY Acquires Digi Electronic Lock in China

Has sales of approximately $40 million

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY has signed an agreement to acquire Digi Electronic Lock, the leading digital door lock manufacturer in China. “I am very pleased to have Digi Electronic Lock and its competent personnel joining the ASSA ABLOY Group. Digi Electronic Lock is another strategic step in our expansion into new growth segments in China and other emerging markets,” said Johan Molin, president and CEO of ASSA ABLOY. “The acquisition of Digi Electronic Lock is a great addition to our current offering with...

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