By Dominic Chopping


STOCKHOLM--Assa Abloy said Thursday it has acquired Ghost Controls, a U.S. supplier of automated residential gate openers.

Ghost Controls was founded in 2015 and has around 40 employees. It is headquartered in Tallahassee, Florida.

Sales for 2022 amounted to around $30 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

12-07-23 0241ET