Nico Delvaux, CEO of lock manufacturer Assa Abloy, purchased 85,306 shares in the company on April 29. The shares were acquired at a price of SEK 353.99 per share, representing a total transaction value of SEK 30.2 million. The trade was executed over-the-counter, according to the Swedish Financial Supervisory Authority's insider register.
Delvaux previously held 530,372 shares in the company, according to the ownership tracking service Holdings.
Nico Delvaux is President & Chief Executive Officer of Assa Abloy AB and President, CEO & Head-Global Technology Division at Assa Abloy Italia SpA (a subsidiary of Assa Abloy AB).
In his past career Mr. Delvaux held the position of President & Chief Executive Officer for Neles Oyj and Senior Executive Vice President at Atlas Copco AB and President of Atlas Copco Construction Technique (a subsidiary of Atlas Copco AB).
He received an undergraduate degree from Université Libre de Bruxelles.
Assa Abloy AB is the world's leading manufacturer of locking systems. Net sales break down by family of products as follows:
- security doors and systems (45.3%): shielded and automatic doors, magnetic card locking systems (for use by hotels) and security systems for parking meters, slot machines), etc.;
- electronic and electromechanical locking systems (31.2%): access codes, electronic locks, etc.;
- mechanical locking systems (23.5%): locks, padlocks, bolts, etc.
Net sales are distributed geographically as follows: Europe (32.9%), North America (53.2%), Asia (6.2%), Oceania (3.5%), Central and South America (3.1%) and Africa (1.1%).
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