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Assa Abloy

June 20, 2023

ASSA ABLOY reports one-off costs of SEK 2.2bn in the Global Technologies Division

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

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Hexagon accelerates the shift to fully autonomous mines with acquisition of indurad

Hexagon
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2024
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11
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21
Hexagon has announced the acquisition of indurad, a global leader in radar and Real-Time Location Systems (RTLS) technologies, along with its autonomous haulage subsidiary, xtonomy. This strategic move underscores Hexagon’s commitment to advancing mine productivity, safety, and autonomy through cutting-edge technology. Key Benefits of the Acquisition: · Enhanced Mine Safety: indurad’s advanced radar-based collision avoidance systems mitigate risks in high-stakes mining environments. · Increased Productivity: Real-time ore tracking and measurement help automate mine workflows,
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Paragon Systems, Inc. concludes settlement related to U.S. Government investigation

Securitas
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2024
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11
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14
As previously announced, Securitas has set a provision of MUSD 53 which was accounted for in the third quarter 2024 related to the U.S. Government investigation into Paragon Systems Inc., a U.S. based subsidiary within the business unit Securitas Critical Infrastructure Services. The settlement is now concluded at MUSD 52. In addition, other costs related to the investigation totals approximately MUSD 1. The settlement amount will be paid throughout 2025. Further information: Investors: Micaela Sjökvist, VP Group Investor Relations; +46 76 116 7443, micaela.sjokvist@
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ASSA ABLOY acquires IXLA in Italy

Assa Abloy
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2024
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11
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ASSA ABLOY has acquired IXLA, an Italian Manufacturer of advanced laser and color personalization systems for cards and passports. "I am very pleased to welcome the IXLA team into the ASSA ABLOY Group. IXLA is an interesting technological addition to the ASSA ABLOY Group and will increase our presence in the government card personalization equipment space and provides complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY. “Welcoming IXLA into the HID family demonstrates our commitment to providing convenient and efficient document personalization
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