LifeSafety Power Inc., a company founded in 2009 by security industry veterans and experts in power connectivity and delivery, has been acquired by ASSA ABLOY Group, global leader in access control solutions.
LifeSafety Power is a specialist in physical security and access control, creating a new category of intelligent networking power solutions that monitor and manage system connectivity across the enterprise. Embracing technology partnerships with some of the most recognizable companies in the industry, LifeSafety Power has carved a niche, and along the way received numerous awards for its innovation, including Security Industry Association New Product of the Year; Security Today New Product of the Year; and Most Valuable Product.
With a loyal and dedicated customer base, LifeSafety Power will continue its mission to provide leading-edge enhancements and new product development in power solutions.
“We’re excited about the acquisition and the opportunity to continue to innovate under the strength of ASSA ABLOY,” said Larry Ye, President and Chief Executive Officer of LifeSafety Power. “This is an important and critical step in the ongoing expansion of our company and our drive to offer the latest networking developments to the industry. With this acquisition, we will complement the access control portfolio provided by ASSA ABLOY, but will keep our uniqueness, which has brought us success and is part of our DNA. We will continue to be nimble in addressing the needs of the industry and our customers—and the secret sauce that brought LifeSafety Power to this pivotal point will remain.”
ASSA ABLOY made the announcement on September 4, 2019.
While LifeSafety Power does not have a booth at GSX this year, the company will be meeting with customers and OEM partners to discuss the recent acquisition and will be ramping up for several new product announcements at ISC West 2020. The company will also be represented at ASSA ABLOY Booth #1303 during GSX.
