By Dominic Chopping


STOCKHOLM--Assa Abloy said Monday that it has acquired Integrated Warehouse Solutions, a U.S. manufacturer of loading dock equipment.

IWS was founded in 1975 and has around 550 employees. The company is headquartered in Burleson, Texas.

Sales for 2022 amounted to about $170 million and the acquisition will be accretive to EPS from the start, Assa Abloy said.

Financial terms weren't disclosed.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

01-22-24 0249ET