ASSA ABLOY reports one-off non-cash costs of SEK 2.2bn in the second quarter of 2023 in its Global Technologies Division, primarily related to the Citizen ID business. These one-off costs are attributable to impairment of goodwill and other intangible assets. "The impairment in Citizen ID reflects the continued long term challenging situation since the pandemic with significantly lower volumes, mainly in the passport business. We will continue with actions to improve the profitability of Citizen ID”, says Nico Delvaux, President and CEO of ASSA ABLOY. For more information, please

Today, ASSA ABLOY has completed the acquisition of Spectrum Brands’ Hardware and Home Improvement division (“HHI”) and the divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands. "HHI is an excellent addition to ASSA ABLOY, complementing our existing business in terms of product offering and geographic scope, and I am delighted to welcome HHI and all its employees to ASSA ABLOY,” says Nico Delvaux, President and CEO of ASSA ABLOY. “I am also pleased that employees and customers of our divested businesses will be in good hands, and I wish them

In connection with the release of AAK’s Interim report for the second quarter of 2023, we invite investors and analysts to a conference call on July 19, 2023, at 10 a.m. CET. The conference will be chaired by Johan Westman, President and CEO, and Tomas Bergendahl, CFO. The presentation can be followed via teleconference or webcast. If you wish to ask questions verbally, please use the teleconference alternative. · To participate via teleconference, please register at the following link. (https://conference.financialhearings.com/teleconference/?id=2001160) · To follow the

Palm is part of the solution and AAK remains committed to a sustainable supply chain Palm oil is a widely debated food ingredient, often criticized for its environmental impact. However, it is important to recognize that palm oil plays a significant role in feeding the world and providing sustainable nutrition to populations around the globe. Deforestation remains a challenge, including the use of protected areas for farming. AAK does not accept any cultivation in protected areas and we are firmly committed to continue to drive a sustainable supply of palm. The expansion of palm

Fuelled by this innovative platform, Reality Cloud Studio not only simplifies the process but also makes digital twins accessible to all Hexagon AB, the global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced the launch of Reality Cloud Studio, powered by HxDR. HxDR, Hexagon's digital reality platform, redefines the development of scalable digital reality applications. With a comprehensive suite of geospatial data services, including visualisation, collaboration tools and automated data processing, HxDR sets a new standard in the

Providing customers with seamless workflow and instant data capture and processing Hexagon AB, the global leader in digital reality solutions combining sensor, software and autonomous technologies announced the partnership with Sony Semiconductor Solutions Corporation (https://www.sony-semicon.com/en/index.html) (Sony), the global leader in image sensors, to further advance Hexagon’s industry-leading reality capture solutions, including the Leica BLK product family. Through this collaboration, Hexagon will integrate Sony’s advanced Time-of-Flight image sensor and software technologies to

Hexagon’s platforms will integrate with NVIDIA Omniverse to enable businesses to become software-defined and realise the enormous potential of industrial automation Hexagon AB, the global leader in digital reality solutions combining sensor, software and autonomous solutions technologies, announced a collaboration with NVIDIA to enable industrial digital twin solutions that unite reality capture, manufacturing twins, AI, simulation and visualisation to deliver real-time comparison to real-world models. The collaboration will connect industry-leading technologies from Hexagon and NVIDIA to

We have the pleasure of inviting you to our 2023 Sustainability seminar. During the seminar we will address ASSA ABLOY’s work, progress and opportunities within Sustainability. Time: Friday 8 September 2023 at 14:00 – approximately 16:45 (CEST) Location: It will be a digital event and a link will be circulated to registered participants before the event. RSVP: By 31 August 2023. Please register by clicking on the link below: https://www.assaabloy.com/group/en/investors/events-calendar/sustainability-seminar-2023 The following topics will be covered: · Progress on the 2025

Today, ASSA ABLOY has received clearance from the Mexican competition authority to acquire Spectrum Brands’ Hardware and Home Improvement division (“HHI”). Following the clearance from the Mexican competition authority, the HHI acquisition remains subject to customary closing conditions. Closing of the transaction is expected by the end of June 2023. Background On September 8, 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of Spectrum Brands (NYSE:SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis. On September 15, 2022,