ASSA ABLOY is in the process of acquiring KEYper Systems, a US-based supplier of electronic and mechanical key management systems.KEYper Systems, which has built a strong presence in the automotive segment, will become a business unit of TRAKA, itself also a developer of key and asset management solutions. TRAKA was acquired by ASSA ABLOY in 2012 and is an operating unit of ASSA ABLOY Global Solutions.
Established in 1993, KEYper Systems operates from its HQ in Harrisburg, NC.
KEYper president and CEO Ric Stone will report to Justin Sasse, managing director of Traka.
“KEYper’s product range and expertise, especially in the US automotive and property management market segments, will complement Traka’s extensive product range and specialist solutions in key and asset management solutions globally,” said Sasse.
“This acquisition will allow us to leverage Traka’s technology to further develop KEYper’s offering and widen the product range globally for Traka in all segments.” Justin Sasse, MD, Traka.
“This acquisition will allow us to leverage Traka’s technology to further develop KEYper’s offering to its existing customers, and widen the product range globally for Traka in all of our market segments.”
Said Danny Garrido President of Traka Americas: “This transaction provides us the opportunity to further strengthen our position in the industry, while advancing Traka’s strategy to increase its presence in core markets globally.
“Traka and KEYper are an excellent strategic fit. We have highly complementary product and service offerings, strong sales and marketing organizations and a shared dedication to quality customer service – we expect this combination to result in an even more effective and successful Traka.”
Ric Stone of KEYper Systems said: “I am very pleased to be joining Traka and ASSA ABLOY. KEYper will be able to accelerate its product and market development and is looking forward to engaging with the wider Traka and ASSA ABLOY organization to share knowledge and expertise.”
ASSA ABLOY has signed an agreement to make the acquisition. Providing legal preconditions are met it is expected to complete during the first quarter of 2019.
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