Billion Dollar Hardware Manufacturer Acquires Canadian EAC Company

By: Brian Rhodes, Published on Nov 12, 2014

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.

********** ****** ************** **** ****** ** mechanical **** ****************, ** * **** it ***** ***** ** new ************ *** ****** channels ** ***** *******.

** ******* **** *** deal ***** *** **** companies *** *** ****** in **** ****.

[***************]

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

**** **** *** ******* are ******** ***** ** many ** *** ****** control ******. *******,******* ** ****, *** ****** *** electronic ****** ********* ******* major ******** ************ ******* the ***** ******** ** dealer ************ ** ********* lines **** ******** ***** or*****. *** ******* *********** $** ******* ** 2014 *********** ******* **** ** employees.

*******, *** *********, **** Group ****** *******'* ******** and *********. *** ***** company *** ******* ********* *** **** ****$* ******* ** ************ ****. *** ******* piece ** ***** ******** come **** ****'* ****** mechanical ****, ***, *** safes ********. *******, ***** the *** ****'*, **** began ******** ********* ****** control ********.  ****'* ********** ****** products **** ********** ***** to ******* *** (********** access)*-******* *-**** [**** ** longer *********] ******, *** electronic ******** ********** *****.

************* ****** * ******* *** full ******** ****** ********** platform **** *** *****. ******** ***** ** *** deal ** *** *********.

Market ******

***** **** ** ***, none ** *** ********** access ******* ***** **** been ********** ******* ** the ***** ******** ******. In ********, *******'* **** distribution *** ******** ******* are ****** **** ******, and**** ****** ******* *** purchase** * **** ** "strengthen *** ******* ********* in ***** *******."

************,******* *** *** ********* outside ************* ********* ********, *** has **** ******* *********** hardwired ******. *******, ****'* purchase ****** ********* ****** direct *********** ** ******** standalone ****** ********, *** adds ****'* ******** *********** to *******'* ********** ********.

*******

** *************** ****** * ******** electronic ****** ******** ** North *******, *** *** integration ** ****'* ******** will ****** ******** ***** of ***** ******* ** a ******.

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