ASSA ABLOY AB (publ) (OM:ASSA B) entered into an agreement to acquire VHS Plastik Metal on September 1, 2022. The sales for 2021 of VHS Plastik Metal amounted to about TRY 150 million (approx. SEK 150 million) with a good EBIT margin. The acquisition is subject to customary closing conditions and is expected to close during the fourth quarter of 2022. The acquisition will be accretive to EPS from the start. Itir Çiftçi of Yegin Çiftçi Attorney Partnership acted as legal advisor to ASSA ABLOY AB (publ) (OM:ASSA B).

ASSA ABLOY AB (publ) (OM:ASSA B) completed the acquisition of VHS Plastik Metal on September 30, 2022.