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"I am very pleased to welcome IDP 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,” says Nico Delvaux, President and CEO of ASSA ABLOY.

"This acquisition marks an exciting milestone for ASSA ABLOY Opening Solutions Americas as we welcome International Door Products Inc. into our family," says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. "This acquisition allows us to offer an even broader range of solutions to our customers. IDP’s premium product portfolio and rapid lead times complement our existing capabilities, ensuring we can meet the evolving needs of construction markets with speed and excellence."

IDP was founded in 1977 and has some 80 employees. The main office and factory are located in Southfield, Michigan, USA.

Sales for 2024 amounted to about MUSD 29 (approx. MSEK 300) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.