The security firm ASSA ABLOY has acquired Exidor, a UK manufacturer of panic and emergency exit hardware, from Chamberlin Plc.
ASSA ABLOY has around 47,000 employees and sales close to £6.4 billion. In the UK, ASSA ABLOY is best known for the Yale and UNION brands and has its Head Office and main factory in Willenhall, West Midlands. The firm says that given the commercial synergies between Exidor and ASSA ABLOY Opening Solutions UK, in particular with the Door Hardware Group in the UK, the acquisition will create opportunities for both businesses by offering a broader product range.
Exidor will continue to operate as an autonomous business as part of the Door Hardware Group, retaining the management and commercial teams; and customer contact points remain unchanged.
Harry Warrender, Market Region Manager of ASSA ABLOY Opening Solutions UK and Ireland, said: “Exidor are an exciting addition to our UK business and I am delighted to welcome their team into ASSA ABLOY. It offers an extensive high quality range of panic and emergency exit hardware with a strong track record of innovation. Their portfolio will extend the ASSA ABLOY offering into the UK commercial market.”
Exidor was set up in 1931 and has its headquarters in Cannock, West Midlands. The business employs about 70 employees and 2018 sales are expected to reach around £8m.
