Assa Abloy Buys IDS of South Africa

May 31st, 2017 by Editor

Assa Abloy has signed an agreement to acquire IDS, the leading manufacturer and distributor of electronic security solutions in South Africa.

“I am very pleased to welcome IDS into the Assa Abloy group,” says Johan Molin, president and CEO of Assa Abloy. “The acquisition of IDS delivers on our strategy to grow our presence in emerging markets.”

IDS was established in 1985. It is headquartered in Durban and has about 190 employees.

“IDS is a very attractive addition to the EMEA division, thanks to its strong position in South Africa, its complementary product range and its excellent team. IDS’ distribution outlets and its strong relationships with installers and alarm monitoring companies will open new market routes for us,” says Tzachi Wiesenfeld, Executive vice president of Assa Abloy and head of the EMEA division.



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