ASSA ABLOY acquires Axxess Industries

April 16, 2024
Axxess’ solutions will be offered alongside the offerings of Vingcard.

Stockholm – April 16, 2024 – ASSA ABLOY Global Solutions is announcing the acquisition of Axxess Industries Inc., a renowned innovator of electronics and smart technologies engineered for the needs of hotel and residential environments.

Axxess’ solutions will be offered alongside the offerings of Vingcard, the main brand for ASSA ABLOY Global Solutions’ business area Hospitality, promoting wider access to the latest in enhanced security, guest convenience and cost-saving efficiency.

“Axxess Industries is a welcome addition to our global team and further complements our commitment of serving as an end-to-end technology provider. In addition, it also complements our portfolio to become a true full solutions provider. We look forward to passing on the enhanced value that this latest acquisition represents and as hospitality-based businesses seek out more ways to differentiate themselves with exceptional experiences”, says Stephanie Ordan, Executive Vice President, and Head of ASSA ABLOY Global Solutions.

Launched in 2000, Axxess Industries has grown to become recognized as a leading developer of guestroom controls and other smart technology-based solutions. Their solutions are designed to streamline property operations, while ensuring high-quality services that cater to modern consumer preferences and expectations.

Current offerings designed for hotel business include electronic do-not-disturb systems, doorbells, touch keypads, lighting controls, motion sensors and minibar sensors, as well as smart thermostats and drape and blind controls.

“Axxess Industries provides a wide range of IoT-driven solutions which are becoming essential to managing a successful hotel, especially as what counts as a satisfying experience is being increasingly influenced by the ability to deliver faster, more accessible, and personalized service. We are very pleased to welcome the Axxess team as the newest members of the ASSA ABLOY and Vingcard families and look forward to providing a competitive edge to our customers”, says Li Wang, Senior Vice President and Head of Hospitality.

“We are honored to join ASSA ABLOY Global Solutions and Vingcard. Our team is committed to the same goals of enhancing the guest experience and hotel management systems. We look forward to combining our proven track record of success in order to develop new smart technology-based solutions that push the limits on what today’s hoteliers can achieve. Furthermore, we are committed to continue the vison and work of CEO Joerg Wagner after his retirement in a few years, as part of Vingcard and the ASSA ABLOY family”, says Toni Adrian, Head of Operations at Axxess Industries.