ASSA ABLOY acquires Norshield Security Products in the US [Yahoo! Finance]
ASSA ABLOY UNSP/ADR (ASAZY)
NASDAQ:AMEX Investor Relations:
assaabloy.com/en/com/investors
Company Research
Source: Yahoo! Finance
Was this helpful? Yes No Why did ASSA ABLOY acquire Norshield Security Products? The acquisition delivers on ASSA ABLOY's strategy to strengthen its position in mature markets through adding complementary products and solutions to its core business, specifically in the high-security door portfolio. Was this helpful? Yes No How will the acquisition affect ASSA ABLOY's financial performance? The acquisition will be accretive to EPS from the start, meaning it is expected to increase ASSA ABLOY's earnings per share from the beginning. Was this helpful? Yes No What is Norshield Security Products' background and current status? Norshield was founded in 1981, has around 70 employees, and is located in Montgomery, Alabama, USA, with sales amounting to about MUSD 16 (approx. MSEK 170) in 2023. Was this helpful? Yes No Who can provide more information about the acquisition? For more information, please contact Nico Delvaux, President and CEO, Erik Pieder,
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