Assa Abloy acquires Teamware, Malaysia

Assa Abloy has signed an agreement to acquire Teamware, the market leader in locks and hardware in the Malaysian market. “I am very pleased that Teamware is joining the Assa Abloy Group. Teamware is another major entry into the large and fast growing Malaysian market and will constitute another strategic move to grow market presence in the emerging markets”, says Johan Molin, President and CEO of Assa Abloy.