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Lock maker Assa Abloy's sales growth tops forecast
Posted on Tuesday February 05, 2019
Assa Abloy, the world's biggest lock maker, beat quarterly sales forecasts on Tuesday, boosted by strong demand for its electronic devices. Fourth-quarter operating profit before restructuring and other one-off costs rose to 3.75 billion Swedish crowns (£315.2 million) from 3.36 billion crowns in the same period a year earlier, matching analysts' expectations. Assa Abloy, which has more than doubled sales over a decade and outgrown rivals helped by acquisitions in a fragmented market, is betting on an accelerating shift from mechanical locks to hi-tech alternatives ranging from fingerprint scanners to smartphone-activated systems.
ASSA ABLOY Acquires KEYper Systems in the US
Posted on Sunday January 13, 2019
STOCKHOLM , Jan. 14, 2019 /PRNewswire/ -- ASSA ABLOY has signed an agreement to acquire KEYper Systems, a leading supplier of electronic and mechanical key management systems in the US with a strong presence ...
Emtek introduces August-powered smart locks
Posted on Wednesday January 09, 2019
Rather, the smart lock maker announced this morning that it will be bringing its technology to three new locks from Emtek. Like August, Emtek is a part of the Swedish conglomerate Assa Abloy. The implementation of the technology will be similar to August’s relationship with fellow Assa Abloy brand, Yale, where the more tech-savvy startup will essentially power the lock’s smart capabilities.
ASSA ABLOY Acquires Luxer One in the US
Posted on Tuesday December 18, 2018
STOCKHOLM , Dec. 19, 2018 /PRNewswire/ -- ASSA ABLOY has acquired Luxer One, a leading advanced package locker solutions business in the US. "I am very pleased to welcome Luxer One into the ASSA ABLOY ...