ASSA ABLOY has acquired Sennco Solutions, a company specialising in asset protection and retail security, particularly within the health and beauty sector, based in the United States.
This acquisition enhances ASSA ABLOY's existing retail offerings.
Growth opportunities
“I am very pleased to welcome Sennco into ASSA ABLOY, an exciting technological addition that will reinforce our current offering within the Retail business area, and provide complementary growth opportunities,” stated Nico Delvaux, President and CEO of ASSA ABLOY.
Expanding anti-theft solutions
Sennco Solutions delivers retail security solutions to an array of customers in the health and beauty market. “Sennco is an excellent addition to Global Solutions. Their expertise in anti-theft solutions expands our offerings across the Retail business area. I look forward to working with Sennco’s successful and experienced team,” noted Stephanie Ordan, Executive Vice President and Head of Global Technologies business unit Global Solutions.
Background on Sennco
Founded in 2000, Sennco Solutions operates with approximately 40 employees from its head office located in Plainfield, Illinois, USA. The company will integrate into the Global Solutions business area under Retail.
In 2025, Sennco reported sales of about MUSD 33 (approx. MSEK 330), maintaining a strong EBIT margin. The acquisition is expected to positively impact earnings per share immediately.
