Assa Abloy has acquired Security World, south Africa's fastest growing franchise of home security stores.

Ake Sund, Assa Abloy executive vice president, said: "The consumer market has huge global potential for Assa Abloy and we are committed to making it easy for people to find the right solution for their home security needs. The acquisition of Security World gives us both valuable experience and a possibility to further develop the consumer offering in South Africa."