ASSA ABLOY has confirmed its acquisition of Leone Fence, a Canadian fence manufacturer, distributor and installer for commercial and residential applications.
“I am very pleased to welcome Leone Fence into the ASSA ABLOY Group,” said Nico Delvaux, President and CEO of ASSA ABLOY.
“This acquisition reinforces our current offering within perimeter security in the Canadian market.”
Leone Fence was founded in 1975 and has around 60 employees. The main office and factory of the fence manufacturer are located in Ontario, Canada.
“The acquisition of Leone Fence presents an exciting opportunity within our perimeter security offering,” added Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division.
“By combining our core competencies, we can strengthen our ability to quickly enter the market, develop new products and expand our overall presence in the Canadian market.”