ASSA ABLOY has announced the acquisition of TeleAlarm Group (‘TeleAlarm’), based in Leipzig. Founded in 1956, TeleAlarm is an established provider of remote care technology for social and home care. With around 70 employees and annual sales of EUR 29 million (SEK 330 million) and a solid EBIT margin, TeleAlarm is an ideal addition to ASSA ABLOY’s Senior Care business area.
Strategic addition to the senior care segment
TeleAlarm combines hardware and software solutions to enable elderly people and those in need of care to live safely and independently. Its product and service range extends from home emergency call systems and GPS-based location solutions to telemonitoring and fall detection systems. The acquisition strengthens ASSA ABLOY’s market position in the growing field of mobile care technology.
‘I am delighted to welcome TeleAlarm to ASSA ABLOY. This exciting technological addition will strengthen our offering in the Senior Care business area and open up additional growth opportunities,’ said Nico Delvaux, President and CEO of ASSA ABLOY.
Stephanie Ordan, Executive Vice President and Head of Global Solutions – Global Technologies, emphasises:
‘TeleAlarm is a leading provider of remote care technology and an excellent addition to our Global Solutions portfolio. With strong R&D capabilities and high-quality solutions, TeleAlarm expands our core competencies in the senior care business.’
Key financial and operational data
- Founded: 1956 in Leipzig
- Employees: approx. 70
- Revenue 2024: EUR 29 million (approx. SEK 330 million)
- EBIT margin: ‘good’ operating profitability
- Impact on earnings: Positive impact on earnings per share from the beginning of 2025
The acquisition will integrate TeleAlarm into the Senior Care business area of Global Solutions. ASSA ABLOY expects the transaction to have a positive impact on profitability and cash flow from the outset.
Growth potential and market outlook
The market for remote care and home alarm systems is growing steadily, driven by demographic change, rising life expectancy and political initiatives for home care. ASSA ABLOY will benefit from the following synergies:
- Product integration: Combination of TeleAlarm systems with existing access and security technologies.
- Sales network: Utilisation of ASSA ABLOY’s global sales and service network to roll out TeleAlarm solutions internationally.
- R&D cooperation: Joint development of new IoT-based applications, such as predictive fall detection or health monitoring.
Conclusion
With the acquisition of the TeleAlarm Group, ASSA ABLOY is implementing an important component of its senior care strategy. The combination of proven remote care technology and global market presence creates a solid foundation for further growth in a rapidly expanding segment. In return, TeleAlarm will benefit from the resources and reach of the Group to scale existing solutions and drive new innovations.
