2024-06-22 09:17:00 +0300

ASSA ABLOY acquires Caldwell

Logo PR Newswire
PR Newswire

STOCKHOLM, June 22, 2024 /PRNewswire/ -- ASSA ABLOY has acquired Caldwell, a manufacturer of fenestration hardware for window manufacturers.

"I am very pleased to welcome Caldwell into the ASSA ABLOY Group. This acquisition delivers on our strategy to add complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY.

"Caldwell is an excellent addition to the Pacific & North East Asia Division and provides complementary growth opportunities. The acquisition will strengthen our position with fenestration manufacturers and I look forward to working with the experienced team to continue Caldwell's successful journey," says Simon Ellis, Executive Vice President and Head of Asia Pacific ASSA ABLOY Opening Solutions Pacific & North East Asia.

Caldwell was established in 1888 and has some 800 employees.

Sales for 2021 amounted to about MSEK 1,000. The acquisition will be accretive to EPS from the start.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68

About ASSA ABLOY

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 51,000 employees and sales of SEK 95 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-acquires-caldwell,c3589665

The following files are available for download:

https://mb.cision.com/Main/7333/3589665/1595803.pdf

Press release (PDF)

Cision View original content:https://www.prnewswire.com/news-releases/assa-abloy-acquires-caldwell-301572769.html

SOURCE ASSA ABLOY

Logo Benzinga
Business / FinanceBy Pr Newswire2024-06-22 09:17:00 +0300
STOCKHOLM, June 22, 2024 /PRNewswire/ --ASSA ABLOY has acquired Caldwell, a manufacturer of fenestration hardware for window manufacturers. I am very pleased...

Logo Benzinga
Business / FinanceBy Pr Newswire2024-06-20 21:46:00 +0300
SANDVIKEN, Sweden, June 20, 2024 /PRNewswire/ --Sandvik has acquired the Finland-based company Akkurate, a frontrunner in holistic battery management,...

Logo EIN Presswire
Business / FinancePress Release2024-06-22 02:04:14 +0300
Pacific Woodtech Acquires Louisiana-Pacific Corporation's EWP (I-Joist and LVL) Division BURLINGTON, WASHINGTON, UNITED STATES, June 21, 2024 /...

Logo Benzinga
Business / FinanceBy Business Wire2024-06-01 15:50:00 +0300
Accretive acquisition strengthens Myers' Distribution Segment Brings additional scale and numerous synergy opportunities Improves supply chain and operating...

Logo Benzinga
MarketsBy Pr Newswire2024-06-16 10:13:00 +0300
LUND, Sweden, June 16, 2024 /PRNewswire/ -- Alfa Laval has signed an agreement to acquire Scanjet, a leading global supplier of tank cleaning equipment and...

Logo PR Newswire
Business / FinancePress Release2024-06-22 15:34:00 +0300
STOCKHOLM, June 22, 2024 /PRNewswire/ -- Larry Zhang has been appointed as the new Senior Vice President for Elkem's Silicones division, a leading global...

Logo Benzinga
Business / FinanceBy Pr Newswire2024-06-18 01:05:00 +0300
Uponor Corporation (Uponor) has named Andres Caballero president of its Building Solutions North America division and a member of the Executive Committee at...

Logo EIN Presswire
Business / FinancePress Release2024-06-09 18:45:00 +0300
Combines capabilities of leading Microsoft Dynamics 365 partners delivering end-to-end transformation services to Canadian customers across Microsoft Cloud...

Logo Benzinga
Business / FinanceBy Business Wire2024-06-22 03:45:00 +0300
Metrie, North America's largest manufacturer and distributor of millwork solutions, today completed its acquisition of Tinder Wholesale, LLC, (Tinder) a...

Logo Benzinga
Business / FinanceBy Business Wire2024-06-08 09:02:00 +0300
StatLab expands global reach and core manufacturing capabilities with CellPath Ltd. acquisition StatLab Medical Products (StatLab), an Audax Private Equity...

Logo PR Newswire
Business / FinancePress Release2024-06-20 21:46:00 +0300
SANDVIKEN, Sweden, June 20, 2024 /PRNewswire/ -- Sandvik has acquired the Finland-based company Akkurate, a frontrunner in holistic battery management,...

Logo Benzinga
Business / FinanceBy Pr Newswire2024-06-17 21:51:00 +0300
APPLE VALLEY, Minn., June 17, 2024 /PRNewswire/ -- Uponor Corporation ( Uponor ) has named Andres Caballero president of its Building Solutions North America...

Logo Benzinga
Business / FinanceBy Globe Newswire2024-06-09 15:45:00 +0300
Lexington, Kentucky, June 09, 2024 (GLOBE NEWSWIRE) -- Rubicon Technologies, LLC (Rubicon or the Company), a leading digital marketplace for waste and...

Logo Benzinga
Business / FinanceBy Pr Newswire2024-06-21 21:13:00 +0300
HOUSTON, June 21, 2024 /PRNewswire/ -- VLS Environmental Solutions, LLC (VLS or the Company), the North American leader in delivering innovative...

Logo Benzinga
Business / FinanceBy Pr Newswire2024-06-20 19:00:00 +0300
PURCHASE, N.Y., June 20, 2024 /PRNewswire/ -- Central National Gottesman Inc. (CNG) announced today that its North American Distribution Division has...

Logo Benzinga
Business / FinanceBy Pr Newswire2024-06-21 15:37:00 +0300
AMHERST, N.Y., June 21, 2024 /PRNewswire/ -- Cardata is thrilled to welcome Denise Nahas as the newest member of its board of advisors. Denise's extensive...

Logo PR Newswire
Business / FinancePress Release2024-06-08 08:35:00 +0300
STOCKHOLM, June 8, 2024 /PRNewswire/ -- Electrolux has appointed Anna Ohlsson-Leijon as new Chief Commercial Officer and head of the new Commercial &...

Logo GlobeNewswire
CryptocurrenciesPress Release2024-05-31 22:18:00 +0300
Hong Kong, May 31, 2024 (GLOBE NEWSWIRE) -- Black Square Capital Limited is pleased to announce the graduation of 4 outstanding employees that have brought...

Logo Benzinga
Business / FinanceBy Globe Newswire2024-05-31 22:17:58 +0300
Hong Kong, May 31, 2024 (GLOBE NEWSWIRE) -- Black Square Capital Limited is pleased to announce the graduation of 4 outstanding employees that have brought...

Logo PR Newswire
TechnologyPress Release2024-06-23 08:29:00 +0300
COIMBATORE, India, June 23, 2024 /PRNewswire/ -- MulticoreWare Inc., a global software company that develops machine learning, compilers, and video...