Competition authorities approves Swesafe acquisition
(Thomson Reuters ONE) -
The competition authorities has approved the Swesafe acquisition. Swesafe is the
largest locksmith business in Sweden and the acquisition will be completed in
April 2011.
Swesafe will be run as a completely separate unit within ASSA ABLOY Scandinavia
and Göran Burenstam Linder will continue as Managing Director. Swesafe will
become a sister company to both ASSA AB and Copiax AB.
2010 sales was SEK 443 M. Swesafe has 24 branches and more than 300 employees.
The acquisition will be slightly accretive to earnings per share from start.
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/1499973/435418.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ASSA ABLOY via Thomson Reuters ONE
[HUG#1499973]
Unternehmensinformation / Kurzprofil:
Datum: 25.03.2011 - 08:07 Uhr
Sprache: Deutsch
News-ID 52797
Anzahl Zeichen: 1457
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Competition authorities approves Swesafe acquisition"
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