An important step forward – Planet GDZ AG is integrated into ASSA ABLOY under succession plan

Zurich/Berlin – 13 JULY 2018 – Planet GDZ AG of Tagelswangen, Switzerland, was taken over on 12 July 2018. It will become part of the ASSA ABLOY Group, the world’s leading manufacturer and provider of door security solutions. For Planet, this is a great opportunity, with no detrimental impact on staff.

The management at Planet views the company’s integration into the world’s leading manufacturer and supplier of lock solutions and security systems as a positive step forward. “Planet and ASSA ABLOY already have a lot in common. The integration will unlock new markets and sales opportunities for Planet,” explains co-director Andreas Dintheer. “Becoming part of the ASSA ABLOY Group gives us the opportunity to exploit the strengths of both companies and to serve our customers even better. It also means we have more resources and options at our disposal in the longer term, including for staff,” adds René Gyger, co-director at Planet.

Planet will continue to operate as a separate business unit under the existing management team and with the same staff, to whom the company owes its current success. It will still be based at its present location in Tagelswangen, where there will be no staff cuts.

“I’m delighted to welcome Planet to the Group. The company is synonymous with the very best in service and has extensive experience in the market for innovative drop-down door seals and finger protection systems. It adds further products to our range which are a perfect fit with ours,” says Stefan Fischbach, ASSA ABLOY Market Region Manager DACH. “By taking over Planet, ASSA ABLOY continues to grow in Switzerland, as it does throughout the DACH region, and is closing a gap in its own product range.”

The consolidation of the two companies, both of which having a rich history, also brings benefits for customers in the Swiss market. They will be able to take advantage of the experience of both companies as well as the comprehensive expertise of the world’s largest provider of door locking solutions, offering more convenience and security from A to Z.

ASSA ABLOY is an international group of companies, employing approximately 47,500 people, with a turnover in excess of CHF 8.8 billion. Planet currently employs 55 people.

The integration is subject to approval by the competition authorities and is expected to take place in the third quarter.