Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Assa Abloy AB
  6. News
  7. Summary
    ASSA B   SE0007100581

ASSA ABLOY AB

(ASSA B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ASSA ABLOY : acquires MR Group's hardware division in Portugal

06/02/2021 | 02:01am EDT

ASSA ABLOY has signed an agreement to acquire MR Group´s hardware division, a leading supplier of aluminum profile hardware and locks in Portugal.

"I am very pleased to welcome the MR Group hardware division into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in the mature markets through adding complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY.

"We are committed to growing our mechanical core business and the acquisition of the MR Group hardware division will help us drive that through expanding our product portfolio and improving our regional footprint," says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division.

MR Group´s hardware division has some 380 employees, and the company was established in 1976. The main office is located in Águeda, Portugal.

Sales for 2020 amounted to about 23 MEUR (approx. 230 MSEK) with a good EBIT margin. The acquisition will be accretive to EPS from start.

The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2021.

 

For more information, please contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68

About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

https://news.cision.com/assa-abloy/r/assa-abloy-acquires-mr-group-s-hardware-division-in-portugal,c3358865

https://mb.cision.com/Main/7333/3358865/1426268.pdf

https://news.cision.com/assa-abloy/i/mr-1-16-9,c2920266

https://news.cision.com/assa-abloy/i/mr-2,c2920267

https://news.cision.com/assa-abloy/i/mr-3,c2920268

(c) 2021 Cision. All rights reserved., source Press Releases - English

All news about ASSA ABLOY AB
07/22ZAPLOX : introduces mobile key compatibility for new cloud based Vostio Access M..
AQ
07/19GLOBAL MARKETS LIVE : Zoom, Facebook, Toyota, Canon, Partners Group...
07/19EUROPEAN MIDDAY BRIEFING : Stocks Slump as Travel -2-
DJ
07/19ASSA ABLOY : Lockmaker Assa Abloy's profits soar, but travel-related sales lag
RE
07/19ASSA ABLOY : Quarterly Report Q2 2021
AQ
07/19Assa Abloy AB Publ Reports Earnings Results for the Second Quarter Ended June..
CI
07/19ASSA ABLOY AB Announces Management Changes
CI
07/19Assa Abloy 2Q Net Profit Beat as Demand Rebounded, Price Rises Offset Higher ..
DJ
07/08SANDVIK : Christophe Sut new member of Sandvik's Group Executive Management
AQ
07/05Assa Abloy To Sell Locksmith Unit Certego To Nalka Invest
MT
More news
Financials
Sales 2021 95 028 M 11 058 M 11 058 M
Net income 2021 10 901 M 1 269 M 1 269 M
Net Debt 2021 19 567 M 2 277 M 2 277 M
P/E ratio 2021 28,3x
Yield 2021 1,53%
Capitalization 306 B 35 601 M 35 662 M
EV / Sales 2021 3,43x
EV / Sales 2022 3,18x
Nbr of Employees 50 727
Free-Float 91,4%
Chart ASSA ABLOY AB
Duration : Period :
Assa Abloy AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ASSA ABLOY AB
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 275,90 SEK
Average target price 280,25 SEK
Spread / Average Target 1,58%
EPS Revisions
Managers and Directors
Nico Delvaux President & Chief Executive Officer
Erik Pieder Chief Financial Officer & Executive VP
Lars Sture Renstr÷m Chairman
Carl Fredrik Wilhelm Douglas Vice Chairman
Birgitta KlasÚn Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ASSA ABLOY AB36.25%35 601
SAINT-GOBAIN64.13%37 745
XINYI GLASS HOLDINGS LIMITED40.88%15 491
MASCO CORPORATION8.03%14 667
FORTUNE BRANDS HOME & SECURITY, INC.16.88%13 502
TREX COMPANY, INC.15.67%11 172