Assa Abloy purchases SiteOwl, a cloud-based security platform.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
0mins
Source: SeekingAlpha
Acquisition Announcement: Assa Abloy has acquired SiteOwl, a cloud-based platform focused on physical security.
Enhancement of Offerings: This acquisition aims to enhance Assa Abloy's product and service offerings related to locks, doors, gates, and entrance automation.
Company Background: SiteOwl was founded in 2020 and is headquartered in Austin, USA.
Financial Details: The terms of the acquisition deal have not been disclosed.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
