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Leone Fence Canada Acquired by ASSA ABLOY

Leone Fence

Leone Fence Canada, a leading Canadian manufacturer, distributor and installer of fencing products, has been acquired by ASSA ABLOY.

Swedish access solutions company ASSA ABLOY announced the purchase of Leone Fence in Canada and will enhanced their offering of security fencing for both commercial and residential customers.

“I am very pleased to welcome Leone Fence into the ASSA ABLOY Group,” says Nico Delvaux, President and CEO of ASSA ABLOY. “This acquisition reinforces our current offering within perimeter security in the Canadian market.

Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division, added: “The acquisition of Leone Fence presents an exciting opportunity within our Perimeter Security offering.

“By combining our core competencies, we can strengthen our ability to quickly enter the market, develop new products, and expand our overall presence in the Canadian market.”

Leone Fence Canada was founded in 1975 and has some 60 employees. The main office and factory are located in Ontario, Canada.

Sales for 2022 amounted to about MCAD 39 (approx. MSEK 300) with a strong EBIT-margin. The acquisition will be accretive to EPS from the start.


The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 52,000 employees and sales of SEK 121 billion.

The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation.

ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.