ASSA ABLOY statement on the U.S. Department of Justice´s opposition to the acquisition of the Hardware and Home Improvement (“HHI”) division of Spectrum Brands
The U.S. Department of Justice (“DOJ”) has announced that it will seek to block ASSA ABLOY´s proposed acquisition of the HHI division of Spectrum Brands. ASSA ABLOY and Spectrum Brands strongly disagree with the Department of Justice’s characterization of the proposed transaction, and will vigorously contest in court this effort by the DOJ to oppose the transaction.
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.
"We believe strongly in the
Read more →ASSA ABLOY acquires VHS in Turkey
ASSA ABLOY has signed an agreement to acquire VHS Plastik Metal (“VHS”), a leading manufacturer of hardware systems for windows and doors based in Turkey.
"I am very pleased to welcome VHS into the ASSA ABLOY Group. This constitutes an important next step in our strategy to grow market leadership in emerging markets,” says Nico Delvaux, President and CEO of ASSA ABLOY.
"We are very excited about the acquisition of VHS. This transaction is a step change to our existing trading business in Turkey and reinforces our long-term commitment to the local market. VHS offers a strong range of
Read more →Hexagon expands its Smart Digital Reality[TM] capabilities across the construction sector with the acquisition of iConstruct
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced the acquisition of iConstruct Pty Ltd, a provider of award-winning Building Information Modelling (BIM) software used in commercial, infrastructure and industrial construction.
Its flagship solution, iConstruct Pro, is a proven construction automation tool with hundreds of global customers that have relied on its benefits for years. It enables integration, accessibility and control of the wealth of design and construction information held within different BIM
Read more →ASSA ABLOY acquires Control iD in Brazil
ASSA ABLOY has signed an agreement to acquire Control iD, a leading developer of hardware and software solutions for access control and time & attendance in Brazil.
“I look forward to welcoming Control iD and their employees into the ASSA ABLOY Group. Control iD is a strategic technological addition; reinforcing our current access control and biometrics offerings, providing complementary growth opportunities, and enabling us to grow our market leadership in emerging markets,” says Nico Delvaux, President and CEO of ASSA ABLOY.
"Control iD’s focus on innovative biometric technologies,
Read more →Securitas announces new financial targets and Stanley Security update
Following the acquisition of STANLEY Security, that was completed and consolidated into Securitas as of July 22, 2022, the Group has defined new financial targets of 8-10 percent technology & solutions annual average real sales growth, 8 percent Group operating margin by year-end 2025 and a net debt to EBITDA ratio below 3.0x. Securitas will present the strategy and roadmap for the new targets, as well as a trading update for STANLEY Security, at an investor update today at 2.00 p.m. CEST.
Bringing together Securitas and STANLEY Security is an industry-defining event. We will have an
Read more →Invitation to Securitas’ Investor update
Securitas welcomes representatives from the financial market and media to an online Investor update on Wednesday, August 24, 2022, starting at 2.00 p.m. CEST to approximately 4.00 p.m. CEST.
Magnus Ahlqvist, President and CEO and Andreas Lindback, CFO, will make an update on our strategy and announce new financial targets following the acquisition of Stanley Security. Tony Byerly, Global President Securitas Technology, will also participate and answer questions.
2.00 p.m. Presentation followed by a Q&A session
To follow the web cast of the telephone conference via the web, please follow
Read more →ASSA ABLOY acquires J Newton Enterprises in the US
ASSA ABLOY has acquired J Newton Enterprises Inc, a leading pedestrian door distributor and service company in Florida, USA.
"I am very pleased to welcome J Newton Enterprises into the ASSA ABLOY Group. This acquisition delivers on our strategy to reinforce our current offering within entrance automation,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“J Newton Enterprises is a key player in the Florida market, strengthening our existing pedestrian business and our service offering in that region, enabling us to provide an even better customer experience,” says Massimo Grassi,
Read more →ASSA ABLOY acquires Alcea in France
ASSA ABLOY has signed an agreement to acquire Alcea, a provider of security supervision software and associated access control hardware, that together with system partners are providing total access management solutions.
"I am very pleased to welcome Alcea into the ASSA ABLOY Group. This company will reinforce our offering within critical infrastructure and will provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“Alcea offers high-quality and innovative digital solutions under a strong and well-known brand, and the acquisition will further
Read more →Securitas AB Interim Report January–June 2022
April–June 2022
· Total sales MSEK 30 535 (26 499)
· Organic sales growth 6 percent (8)
· Operating income before amortization MSEK 1 760 (1 471)
· Operating margin 5.8 percent (5.6)
· Items affecting comparability (IAC) MSEK –226 (–259), mainly relating to the previously announced transformation programs
· Earnings per share SEK 2.79 (2.09)
· Earnings per share, before IAC, SEK 3.33 (2.64)
· Cash flow from operating activities 53 percent (63)
January-June 2022
· Total sales MSEK 59 133 (52 313)
· Organic sales growth 5 percent (4)
· Operating income
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