ASSA ABLOY acquires Hunter Automatics
(Thomson Reuters ONE) -
ASSA ABLOY has acquired Hunter Automatics, a Canadian company with a strong
portfolio in door automation.
Based in Toronto with operations in Canada and the US, Hunter employs some 40
employees. Their strength is in distribution business across North America. The
company was established in 1998 and is expected to reach a turnover exceeding
SEK 70 Million in 2010.
"It is with joy that I welcome Hunter to the ASSA ABLOY family. Hunter is an
exciting strategic addition to the Ditec acquisition we made in Italy last year
and develops our distribution channels, this time in North America", commented
Johan Molin, President and CEO of ASSA ABLOY.
"I am particularly glad to add a strong company in the indirect channel in North
America. It shows our commitment to the growing distribution and installer
markets. Hunter gives Ditec Entrematic a strong growth platform and also adds a
number of very interesting products for the North American market", added Juan
Vargues, Executive Vice President of ASSA ABLOY and Head of Entrance Systems
division.
Hunter will be consolidated as of May 1, 2010 and will be accretive to earnings
in the first year.
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
[HUG#1407223]
Press release (PDF): http://hugin.info/1014/R/1407223/360547.pdf
Unternehmensinformation / Kurzprofil:
Datum: 23.04.2010 - 08:04 Uhr
Sprache: Deutsch
News-ID 19566
Anzahl Zeichen: 0
contact information:
Town:
Stockholm
Kategorie:
Business News
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