ASSA ABLOY Acquires Phoniro in Sweden ASSA ABLOY has acquired Phoniro, the largest player within integrated digital key management and alarm solutions for homecare and nursing homes in the Nordic region. Stockholm – February 2, 2018 - ASSA ABLOY has acquired Phoniro, the largest player within integrated digital key management and alarm solutions for homecare and nursing homes in the Nordic region. "I am very pleased to welcome Phoniro into the ASSA ABLOY Group. Phoniro constitutes a strategic addition to the Group and reinforces our position in the market for elderly care security solutions,” says Johan Molin, President and CEO of ASSA ABLOY. “The addition of Phoniro to our company is the natural next step for us to further develop our dedicated organization in addressing the needs of specific verticals and scale solutions internationally, with a high level of recurring revenue,” says Christophe Sut, Executive Vice President ASSA ABLOY and Head of business unit Hospitality. With the addition of Phoniro, the company will play a key role in the expansion of ASSA ABLOY Hospitality, part of the ASSA ABLOY Group, into the senior living market by incorporating Phoniro’s digital key management solutions to enhance its current offerings. Founded in 2004, Phoniro is headquartered in Halmstad, Sweden and has approximately 80 employees. Download Press Release For more information about ASSA ABLOY Hospitality and its comprehensive line of hotel security solutions, please visit www.assaabloyhospitality.com. About ASSA ABLOY Hospitality The global leader in hotel security technology for nearly 40 years, ASSA ABLOY Hospitality is a part of the ASSA ABLOY Group, a publicly listed company with 47,000 employees. With products installed in properties all over the world, securing millions of guestrooms globally, the company’s comprehensive range of security and technology solutions is comprised of VingCard electronic locks, Elsafe in-room safes, integrated software platforms and advanced mobile access solutions. Its latest innovation, ASSA ABLOY Hospitality Mobile Access provides advanced security for hotels and augments the stay experience for today’s tech-savvy guests. Operating with secure Seos technology, Mobile Access allocates guestrooms and generates encrypted digital keys over a secure channel. This allows users to bypass the front desk and access their assigned guestrooms via their personal smart phones and watches. In order to provide best-in-class customer service, ASSA ABLOY Hospitality offers support in more than 166 countries worldwide. For more information, please visit www.assaabloyhospitality.com.