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ASSA ABLOY UNSP/ADR (ASAZY) is a global leader in access solutions, specializing in the development, manufacturing, and sale of door opening and trusted identity systems. With operations worldwide and a strong focus on innovative technologies, ASSA ABLOY has secured a leading market position. Recent acquisitions of EVOLIS S.A. and Messerschmitt Systems have further expanded its product portfolio, offering comprehensive solutions for a variety of industries. The company's commitment to sustainable growth, operational excellence, and customer satisfaction ensures its success in an ever-evolving market.
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ASSA ABLOY has acquired IXLA, an Italian manufacturer of advanced laser and color personalization systems for cards and passports. IXLA, founded in 2003 and based in Romano Canavese, Italy, will join HID's Secure Issuance Business Area. The company has approximately 50 employees and reported sales of MEUR 13 (MSEK 150) in 2023 with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the start and will enhance ASSA ABLOY's presence in the government card personalization equipment sector.
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Assa Abloy's Q1 2024 report shows a 9% increase in net sales to SEK 35,200 M, driven by strong execution despite a challenging market. Organic growth was -2% while acquired net growth was 11%. The company saw stable growth in Entrance Systems but declines in other regions. Three acquisitions contributed to the positive sales performance.
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ASSA ABLOY acquires Messerschmitt Systems, a German developer of access control solutions for the hospitality market, to strengthen its position in developed markets. The acquisition aims to add complementary products and accelerate growth in the DACH region and Middle East.
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ASSA ABLOY publishes Sustainability Report 2023, showing significant reductions in carbon emissions, water intensity, waste intensity, and injury rate. The company remains committed to ambitious sustainability targets for 2025 and beyond.
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ASSA ABLOY, the global leader in access solutions, has released its Annual Report 2023, available on their website. The report provides insights into the company's financial performance and strategic direction.
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The press release highlights the strong financial performance of the company in a challenging market. Net sales increased by 12% to SEK 36,970 M, with organic sales growth of 0% and acquired net growth of 11%. Operating income increased by 11% to SEK 5,722 M, with an operating margin of 15.5%. The Board of Directors proposes a dividend of SEK 5.40 per share for 2023. The company also saw strong growth in operating cash flow and earnings per share.
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ASSA ABLOY has sold its elevator maintenance business PACA ascenseur in France to KONE. PACA, part of the agta record acquisition in 2020, has 210 employees and had sales of [sales figure] in 2022.
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ASSA ABLOY has announced the acquisition of Amecor (Pty) Ltd, a South African manufacturer of security communication equipment, to strengthen its position in the South African security market. The acquisition is part of the company's strategy to expand its presence in the region and leverage synergies with its electronic security solutions business. Amecor, with a 30-year history, is expected to enhance ASSA ABLOY's commitment to the South African and Sub-Saharan markets.
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ASSA ABLOY (ASAZY) has acquired Ghost Controls, a US supplier of automated residential gate openers. The acquisition aims to strengthen ASSA ABLOY's position in mature markets by adding complementary products and solutions to its core business. Ghost Controls, founded in 2015, has shown impressive development within the residential gate automation industry and had sales amounting to [insert sales figure for 2022] in 2022. The acquisition is expected to enhance ASSA ABLOY's product offerings and innovation capabilities.
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ASSA ABLOY (ASAZY) has acquired Leone Fence, a Canadian manufacturer, distributor, and installer of fencing products for commercial and residential applications. The acquisition aims to strengthen ASSA ABLOY's perimeter security offering in the Canadian market. Leone Fence, founded in 1975, has approximately 60 employees and reported sales of [Sales for 2022] in Ontario, Canada.
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FAQ
What is the current stock price of ASSA ABLOY UNSP/ADR (ASAZY)?
The current stock price of ASSA ABLOY UNSP/ADR (ASAZY) is $14.7 as of December 20, 2024.
What is the market cap of ASSA ABLOY UNSP/ADR (ASAZY)?
The market cap of ASSA ABLOY UNSP/ADR (ASAZY) is approximately 35.1B.
What is ASSA ABLOY UNSP/ADR known for?
ASSA ABLOY UNSP/ADR (ASAZY) is recognized for its expertise in access solutions, particularly in door openings and trusted identity systems.
What recent acquisitions has ASSA ABLOY made?
ASSA ABLOY recently acquired EVOLIS S.A., a leading French manufacturer of ID card printers, and Messerschmitt Systems, a German developer of access control solutions for the hospitality market.
Where is ASSA ABLOY UNSP/ADR headquartered?
ASSA ABLOY UNSP/ADR (ASAZY) is headquartered in Stockholm, Sweden, with a global presence and operations across various regions.
How does ASSA ABLOY ensure sustainable growth?
ASSA ABLOY focuses on long-term growth trends, such as sustainability and digitalization, to drive innovation and adapt to changing market demands.
What sets ASSA ABLOY apart in the market?
ASSA ABLOY's emphasis on security, advanced authentication methods, encryption technologies, and electromechanical solutions sets it apart in delivering safe, secure, and convenient access solutions.
What is ASSA ABLOY's strategic approach to acquisitions?
ASSA ABLOY strategically acquires companies to strengthen its market position, expand its product portfolio, and realize synergies for sustainable growth.
How does ASSA ABLOY adapt to market conditions?
ASSA ABLOY's agile business model, focus on cost control, operational excellence, and customer value delivery enable it to adapt and perform well in any market condition.
What is ASSA ABLOY's outlook for the future?
ASSA ABLOY remains committed to delivering value to customers and shareholders, with a strong financial position, robust pipeline, and a focus on accelerating long-term profitable growth through innovation and acquisitions.
ASSA ABLOY UNSP/ADR
OTC:ASAZY
ASAZY Rankings
ASAZY Stock Data
35.05B
2.11B
0.28%
Security & Protection Services
Industrials
United States of America
Stockholm