ASSA ABLOY Acquires Senior Architectural Systems

Another week another acquisition, and this one is a big one in the aluminium space once again.

Juggernaut group ASSA ABLOY have announced they have acquired UK-based Senior Architectural Systems (SAS), with its HQ in Yorkshire for an undisclosed sum.

SAS was established in 1981 and employs 150 people. The company joins the vast global group which continues the general trend of consolidation as the UK economy struggles to find any sort of meaningful momentum.

This was the announcement made on the ASSA ABLOY website:

ASSA ABLOY has acquired Senior Architectural Systems (“SAS”), an independent supplier of innovative aluminium windows, doors and curtain wall systems and thermally efficient fenestration systems into the commercial construction sector in the UK.

“I am very pleased to welcome SAS to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“SAS is an exciting addition to our UK business, and I am delighted to welcome the team to ASSA ABLOY, says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division. “SAS offers an innovative and high-quality range of window and door profile systems including market leading thermally efficient technology. Their portfolio will further extend the ASSA ABLOY offering in the commercial OEM market in the UK.”

SAS was established in 1991 and has some 150 employees. The main office and factory are located in Yorkshire, UK.

Sales for 2024 amounted to about MGBP 50 (approx. MSEK 680) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.

Read the original article here: https://www.assaabloy.com/group/en/news-media/press-releases/id.e6365d7796c7ad7d

SAS also provided a statement via their website:

As part of the company’s long-term growth strategy, Senior Architectural System is pleased to announce that it has been acquired by ASSA ABLOY, an international manufacturer of entrance solutions best known for the Yale and UNION brands.

With around 61,000 employees and sales close to €12.3 billion, ASSA ABLOY’s head office and main manufacturing centre is in Willenhall in the West Midlands. Established in 1991, Senior has become one of the leading UK based manufacturers of aluminium fenestration solutions, including doors, windows and curtain wall systems, and has two manufacturing facilities in Yorkshire and a distribution centre in Scotland.

Commenting, Senior Architectural Systems’ managing director Mark Wadsworth said:

We are delighted to join ASSA ABLOY Group and combine our heritage as one of the leading UK aluminium fenestration systems suppliers with ASSA ABLOY’s international scale and world leading brand and technology in access solutions.”

“This is an exciting next step in our journey, creating opportunities to enhance our offering through the complementary capabilities of both businesses, and ultimately achieving our growth ambitions.”

Harry Warrender, Senior Vice President and Head of ASSA ABLOY UK & Ireland adds:

“Senior is an exciting addition to our UK business, and I am delighted to welcome their teams into ASSA ABLOY.”

“Senior offer an innovative and high-quality range of window, door and curtain wall systems including market leading thermally efficient technology. Their portfolio will further extend the ASSA ABLOY offering into the commercial market in the UK.”

You can read the SAS statement here: https://www.seniorarchitectural.co.uk/assa-abloy-acquires-senior-architectural-systems/

This follows on from the news that Eurocell have also acquired fellow Yorkshire-based Alunet in a deal with £29m. You can read more about that by clicking here.

There is significant movement in the aluminium market right now, as larger suppliers seek to take advantage of the significant rise in the popularity of aluminium windows and doors against a tough market backdrop.