ASSA ABLOY Acquires SMI in India

August 2nd, 2017 by Editor

ASSA ABLOY has acquired SMI (Shree Mahavir Metalcraft), a leading OEM manufacturer of architectural hardware in India.

“I am very pleased to welcome SMI into the ASSA ABLOY Group,”┬ásays Johan Molin, president and CEO of ASSA ABLOY. “The acquisition of SMI delivers on our strategy to grow our presence in emerging markets.”

“SMI is an attractive addition to the Asia Pacific division and reinforces our position in the India market,” said Magnus Kagevik, Executive Vice President of ASSA ABLOY and head of its Asia Pacific division. “The acquisition offers the potential to develop market specific competitive products and complements our existing Indian business”,

SMI was established in 1984. It is headquartered in Jamnagar, India and has about 960 employees.

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