Billion Dollar Hardware Manufacturer Acquires Canadian EAC Company

By Brian Rhodes, Published Nov 12, 2014, 12:00am EST (Info+)

Electronic access line Keyscan has been bought by mechanical lock conglomerate Kaba, in a move it hopes opens up new distribution and dealer channels in North America.

We examine what the deal means for both companies and the market in this note.

Two ****** *********

**** **** *** ******* *** ******** names ** **** ** *** ****** control ******. *******,******* ** ****, *** ****** *** ********** ****** platforms ******* ***** ******** ************ ******* the ***** ******** ** ****** ************ of ********* ***** **** ******** ***** or*****. *** ******* *********** $** ******* ** **** *********** ******* **** ** *********.

*******, *** *********, **** ***** ****** Keyscan's ******** *** *********. *** ***** company *** ******* ********* *** **** ****$* ******* ** ************ ****. *** ******* ***** ** those ******** **** **** ****'* ****** mechanical ****, ***, *** ***** ********. However, ***** *** *** ****'*, **** began ******** ********* ****** ******* ********.  ****'* electronic ****** ******** **** ********** ***** to ******* *** (********** ******)*-******* *-**** [**** ** ****** *********] brands, *** ********** ******** ********** *****.

************* ****** * ******* *** **** ******** access ********** ******** **** *** *****. ******** ***** ** *** **** ** not *********.

Market ******

***** **** ** ***, **** ** its ********** ****** ******* ***** **** been ********** ******* ** *** ***** American ******. ** ********, *******'* **** distribution *** ******** ******* *** ****** that ******, ******* ****** ******* *** ********** * **** ** "********** *** product ********* ** ***** *******."

************,******* *** *** ********* ******* ************* ********* ********, *** *** **** offered *********** ********* ******. *******, ****'* purchase ****** ********* ****** ****** *********** to ******** ********** ****** ********, *** adds ****'* ******** *********** ** *******'* management ********.

*******

** *************** ****** * ******** ********** ****** platform ** ***** *******, *** *** integration ** ****'* ******** **** ****** increase ***** ** ***** ******* ** a ******.

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