Australian pool gate hardware company D&D Technologies acquired by ASSA Abloy

Swedish-based global leader in access solutions, ASSA Abloy, has acquired D&D Technologies, a leading designer and manufacturer of premium gate hardware, based in Australia.

Nico Delvaux, president and CEO says he is very pleased to welcome D&D Technologies into the ASSA Abloy Group.

“The company will reinforce our current offering within gate hardware and will provide complementary growth opportunities,” says Delvaux.

“D&D Technologies has strong expertise in developing premium gate hardware products and with its broad portfolio, is an excellent addition to the Pacific & North East Asia Division. I look forward to working with the experienced team to continue D&D’s successful journey,” says Simon Ellis, executive vice president and head of Asia Pacific ASSA Abloy Opening Solutions Pacific & North East Asia.

D&D Technologies was established in 1989 and has approximately 110 employees. The main office and factory are located in Sydney, Australia.

Sales for 2021 amounted to about $AU68m with a strong EBIT margin. The acquisition will be accretive to EPS from the start.

The ASSA Abloy Group is the global leader in access solutions. The Group operates worldwide with 51,000 employees and sales of SEK 95 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA Abloy’S innovations enable safe, secure and convenient access to physical and digital places.

IMAGE: D&D Technologies Magna Latch