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    ASSA B   SE0007100581

ASSA ABLOY AB

(ASSA B)
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Assa Abloy Buys US-Based Lock Supplier Sure-Loc

05/21/2021 | 02:32am EDT

By Dominic Chopping

STOCKHOLM--Swedish lock maker Assa Abloy AB said Friday that it has acquired Sure-Loc, a U.S. supplier of residential locks and associated hardware.

"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 Assa Abloy Chief Executive Nico Delvaux.

Sure-Loc was established in 2002 and has 45 employees. Its main office is located in Salt Lake City.

Sure-Loc sales for 2020 amounted to about $14 million with a good earnings before interest and tax margin, it said.

Financial details weren't disclosed but Assa Abloy said the acquisition will be accretive to EPS from the start.

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

(END) Dow Jones Newswires

05-21-21 0231ET

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Financials
Sales 2021 94 986 M 11 038 M 11 038 M
Net income 2021 10 897 M 1 266 M 1 266 M
Net Debt 2021 19 716 M 2 291 M 2 291 M
P/E ratio 2021 28,4x
Yield 2021 1,52%
Capitalization 306 B 35 601 M 35 614 M
EV / Sales 2021 3,43x
EV / Sales 2022 3,19x
Nbr of Employees 50 727
Free-Float 91,4%
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Technical analysis trends ASSA ABLOY AB
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Income Statement Evolution
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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
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