Hexagon collaborates with NVIDIA to transform industrial digital twin solution
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
Read more →ASSA ABLOY’s Sustainability seminar 2023
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
Read more →ASSA ABLOY receives clearance from Mexico for the acquisition of HHI
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,
Read more →Utilization of authorization in Hexagon AB to repurchase own shares due to incentive programme
The Board of Directors of Hexagon AB (publ) has resolved, pursuant to the authorization granted by the Annual General Meeting held on 2 May 2023, to acquire the company’s own shares of Series B on Nasdaq Stockholm. The purpose of the repurchase is to ensure Hexagon’s undertakings in respect of Share Programme 2023/2026 (other than delivery of shares to participants in the incentive programme), including covering social security costs.
Acquisition may be made of maximum 6,000,000 Series B shares. Acquisition may be made on one or several occasions and shall be made on Nasdaq Stockholm in
Read more →ASSA ABLOY and the DOJ reach a settlement regarding the HHI acquisition
Today, ASSA ABLOY and the U.S. Department of Justice (“DOJ”) have reached a settlement agreement related to ASSA ABLOY’s acquisition of Spectrum Brands’ Hardware and Home Improvement division (“HHI”). The settlement will put an end to the trial proceedings of the District Court for the District of Columbia.
In connection with the settlement and pursuant to the Proposed Final Judgment filed with the court today, ASSA ABLOY will proceed with the divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands.
Following this settlement, the HHI acquisition
Read more →Annual General Meeting of AAK AB
At the Annual General Meeting of AAK AB (publ.) on May 4, 2023 the following was resolved.
Board of Directors, auditor and fees
The number of directors will be seven. The Meeting re-elected Märta Schörling Andreen, Marianne Kirkegaard, Georg Brunstam and Patrik Andersson and elected Nils-Johan Andersson, Fabienne Saadane-Oaks and Ian Roberts as directors. Gun Nilsson had declined re-election. Georg Brunstam was re-elected as Chairman of the Board. The fees to the Board of Directors shall amount to SEK 1,000,000 to the Chairman and SEK 440,000 to each of the other directors elected at
Read more →Decisions at Securitas’ Annual General Meeting 2023
Securitas AB (publ) held an Annual General Meeting (AGM) today, May 4, 2023, in Stockholm.
Appropriation of profit and discharge from liability
The Annual General Meeting adopted the Statement of Income and the Balance Sheet for the Parent Company as well as the Consolidated Statement of Income and the Consolidated Balance Sheet as per December 31, 2022. In accordance with the proposal of the Board, the AGM resolved to pay a dividend of SEK 3.45 per share, to be distributed to the shareholders in two payments of SEK 1.75 per share and SEK 1.70 per share, respectively. Record date is Monday
Read more →Strong start to the year; volumes and operating profit confirmed per April 13 pre-announcement
AAK Group
· Total volumes decreased by 6 percent to 541,000 MT (575,000). Excluding the Russian market, volumes declined by 3 percent.
· Operating profit, including a positive currency translation impact of SEK 64 million, increased by 43 percent, reaching SEK 952 million (664). At fixed foreign exchange rates, operating profit increased by 34 percent.
· Profit for the period totaled SEK 662 million (492).
· Earnings per share equaled SEK 2.55 (1.89).
· Cash flow from operating activities amounted to SEK 1,102 million (negative 1,150).
· Return on Capital Employed (ROCE),
Read more →Securitas AB Interim Report Q1 2023 | January–March 2023
January–March 2023
· Total sales MSEK 37 751 (28 598)
· Organic sales growth 12 percent (4)
· Operating income before amortization MSEK 2 180 (1 452)
· Operating margin 5.8 percent (5.1)
· Items affecting comparability (IAC) MSEK –281 (–134), relating to the previously announced trans-formation programs and the acquisition of STANLEY Security
· Earnings per share before and after dilution SEK 1.66 (1.91)*
· Earnings per share before and after dilution, before IAC, SEK 2.03 (2.14)*
· Reported net debt/EBITDA 3.8 (2.0), adjusted net debt/EBITDA ratio 3.6**
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