ASSA ABLOY acquires Securistyle in the United Kingdom
(Thomson Reuters ONE) -
ASSA ABLOY has acquired Securistyle Group Holdings Limited in the UK.
Securistyle specializes in window hardware and its product offering includes
high performance friction hinges, handles and window locks.
"I am very pleased to welcome Securistyle into the ASSA ABLOY Group," says Johan
Molin, President and CEO of ASSA ABLOY. "This acquisition strengthens our
position in the UK, as part of our strategy to add complementary products and
segments to our offering in the mature markets."
"Securistyle is an exciting addition to ASSA ABLOY UK and to EMEA as a whole,"
says Tzachi Wiesenfeld, Executive Vice President of ASSA ABLOY and Head of the
EMEA Division. "Securistyle will give us access to the important market of
window hardware and locks which is complementary to our UK multipoint locks
business, and will bring us a very experienced team."
Securistyle was established in 1978 and it is based in Cheltenham, UK. The
company employs 205 people. 75% of the products are sold in the UK, while the
remainder is sold in various export markets.
Sales are expected to reach GBP 21 M in 2012. The acquisition is EPS accretive
from start.
The deal was closed simultaneously with signing on January 27, 2012.
For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506 485 72
Press release PDF:
http://hugin.info/1014/R/1580647/493569.pdf
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(i) the releases contained herein are protected by copyright and
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ASSA ABLOY via Thomson Reuters ONE
[HUG#1580647]
Unternehmensinformation / Kurzprofil:
Datum: 27.01.2012 - 09:31 Uhr
Sprache: Deutsch
News-ID 108456
Anzahl Zeichen: 2218
contact information:
Town:
Stockholm
Kategorie:
Business News
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