ASSA ABLOY has signed an agreement to acquire KEYper Systems, a supplier of electronic and mechanical key management systems in the US, with a strong presence in the automotive segment. KEYper was established in 1993, and operates from its HQ in Harrisburg, NC. KEYper Systems will become a separate business unit of Traka, which is a pioneer in key and asset management, and an operating unit of ASSA ABLOY Global Solutions. Ric Stone, President of KEYper will report to Justin Sasse, Managing Director of Traka. Expanding Traka’s product range globally This acquisition will allow us to leverage Traka’s technology to further develop KEYper’s offering to its existing customers"“KEYper’s product range and expertise, especially in the US automotive and property management market segments, will complement Traka’s extensive product range and specialist solutions in key and asset management solutions globally. This acquisition will allow us to leverage Traka’s technology to further develop KEYper’s offering to its existing customers, and widen the product range globally for Traka in all of our market segments,” says Justin Sasse, MD of Traka. "This transaction provides us the opportunity to further strengthen our position in the industry, while advancing Traka’s strategy to increase its presence in core markets globally," says Danny Garrido, President of Traka Americas. "Traka and KEYper are an excellent strategic fit. We have highly complementary product and service offerings, strong sales and marketing organisations and a shared dedication to quality customer service - we expect this combination to result in an even more effective and successful Traka." Accelerating product and market development “I am very pleased to be joining Traka and ASSA ABLOY. KEYper will be able to accelerate its product and market development and is looking forward to engaging with the wider Traka and ASSA ABLOY organisation to share knowledge and expertise,” Ric Stone, CEO KEYper Systems. The acquisition is conditional upon satisfaction of customary legal conditions and is expected to complete during the first quarter of 2019.
Through global partnerships with respected resellers, Traka’s solutions can reach worldwide markets Traka, the provider of asset and intelligent key management solutions, will showcase its enterprise level solutions at ASIS International’s 62nd Annual Seminar and Exhibits in Orlando, Florida at the ASSA ABLOY booth #3601. This 20,000+ person event will take place September 12th - 15th. ASIS 2016 is the world’s most influential security event providing the premier venue to exchange visionary technologies, innovations, ideas and solutions for the safety and securities industry. ASIS 2016 "ASIS is the security industry’s most exciting event to attend where the innovators of the industry gather to display their latest and greatest” said Danny Garrido, President of Traka USA. “Its impact on educating the marketplace, business development and innovation has continuously proven to be beneficial as a primary influencer in the industry. It’s always a pleasure attending ASIS, and we look forward to showcasing our industry-leading products and technology every year. There is a reason why ASSA ABLOY was again voted one of the world’s most innovative companies in 2016, (#90 on this list) and we use this show as a platform to express why!" Traka integrations In addition to the full line of security products and solutions, Traka will be exhibiting its latest integrations, Lockout/Tagout technology, as well as software enhancements to the already powerful Traka Web. All Traka products are supported by Traka Web, the browser-based and device-enabled software used to manage keys and assets centrally with global scalability if needed. In addition, Traka’s technology integrates seamlessly with many access control systems, including Lenel OnGuard, C·CURE 9000, AMAG Symmetry and coming soon S2 Security. Through global partnerships with respected and knowledgeable resellers, Traka’s solutions can reach worldwide markets. Save