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Assa Abloy AB (ASSAb.ST)

ASSAb.ST on Stockholm Stock Exchange

193.65SEK
9:02pm IST
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Latest Key Developments (Source: Significant Developments)

Agta Record: Assa Abloy To Acquire Majority Stake In Agta Record
Wednesday, 6 Mar 2019 

March 6 (Reuters) - AGTA RECORD AG ::AGTA RECORD ANNOUNCES THAT A MAJORITY STAKE IN AGTA RECORD IS TO BE SOLD TO SWEDISH GROUP ASSA ABLOY.TRANSACTION VALUES 100% OF AGTA RECORD'S SHARE CAPITAL AT EUR 933M.SALE AGREEMENT WITH ASSA ABLOY, VALUING INDIRECTLY 53.75% MAJORITY STAKE HELD BY AGTA FINANCE IN AGTA RECORD'S SHARE CAPITAL AT EUR 70 PER SHARE.ASSA ABLOY, WHICH ALREADY IS A 39% SHAREHOLDER IN AGTA RECORD, TO ACQUIRE ALL OF THE SHARES IN 3B FINANCE GMBH AND AGTA FINANCE.ASSA ABLOY WILL OWN 93.77% OF AGTA RECORD’S SHARE CAPITAL.  Full Article

Assa Abloy to buy majority stake in Agta Record, will own about 93 pct after deal
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Assa Abloy AB ::ASSA ABLOY TO ACQUIRE MAJORITY STAKE IN AGTA RECORD.SAYS ASSA ABLOY HAS, AS A 39 PERCENT SHAREHOLDER IN SWISS COMPANY AGTA RECORD AG ("AGTA RECORD" OR "COMPANY"), SIGNED AN AGREEMENT WITH SHAREHOLDERS OF AGTA FINANCE TO INDIRECTLY ACQUIRE THEIR 54 PERCENT SHAREHOLDING IN AGTA RECORD ( "ACQUISITION").SAYS PURCHASE PRICE FOR ACQUISITION AMOUNTS TO APPROXIMATELY EUR 502 MILLION EQUIVALENT TO A PURCHASE PRICE PER AGTA RECORD SHARE OF EUR 70.SAYS AFTER COMPLETION OF ACQUISITION, WHICH IS CONDITIONAL UPON EU ANTITRUST AUTHORITIES APPROVAL IN PARTICULAR, ASSA ABLOY WILL OWN APPROXIMATELY 93 PERCENT OF SHARE CAPITAL AND VOTING RIGHTS.SAYS WILL LAUNCH A PUBLIC TENDER OFFER FOR REMAINING OUTSTANDING SHARES AT SAME PURCHASE PRICE PER AGTA RECORD SHARE AS FOR ACQUISITION, I.E., EUR 70 PER AGTA RECORD SHARE.SAYS CONTEMPLATED SWISS MERGER WILL BE SUBJECT TO APPROVAL OF AT LEAST 90% OF ALL VOTING RIGHTS OF SHAREHOLDERS MEETING OF AGTA RECORD AS ABSORBED COMPANY.  Full Article

Assa Abloy CEO:Too Early To Talk About Trend Break in China
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Assa Abloy AB CEO Nico Delvaux to analysts in conference call::SAYS SALES GROWTH IN CHINA WAS 4 PERCENT IN Q4 BUT IT'S TOO EARLY TO TALK ABOUT A TREND BREAK.SEES GOOD MARKET CONDITIONS IN GENERAL,SAYS MARKET CONDITIONS HAVEN'T CHANGED VERSUS 3 MONTHS AGO IN GENERAL BUT HAS SEEN A SLOWDOWN IN FRANCE.  Full Article

Assa Abloy acquires Pacific Door Systems in New Zealand
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Assa Abloy AB ::ASSA ABLOY ACQUIRES PACIFIC DOOR SYSTEMS IN NEW ZEALAND.ASSA ABLOY ACQUIRES PACIFIC DOOR SYSTEMS IN NEW ZEALAND.SAYS PACIFIC DOOR SYSTEMS WAS ESTABLISHED IN 1992 AND HAS APPROXIMATELY 80 EMPLOYEES.SAYS SALES FOR 2018 ARE EXPECTED TO REACH ABOUT NZD 20 MILLION (APPROX. SEK 125 MILLION) WITH A GOOD EBIT MARGIN AND ACQUISITION WILL BE ACCRETIVE TO EPS FROM START.  Full Article

Assa Abloy Acquires Luxer One
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Assa Abloy AB ::ASSA ABLOY ACQUIRES LUXER ONE IN THE US.SALES FOR 2018 ARE EXPECTED TO REACH ABOUT USD 37 MILLION (APPROX. SEK 335 MILLION).ACQUISITION WILL BE NEUTRAL TO EPS FROM START.  Full Article

Assa Abloy Acquires Lorient In The UK
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Assa Abloy AB ::ASSA ABLOY ACQUIRES LORIENT IN THE UK.  Full Article

Assa Abloy acquires door sealing systems maker Lorient
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Assa Abloy AB ::ASSA ABLOY ACQUIRES LORIENT IN THE UK.SAYS SALES FOR LORIENT IN 2018 ARE EXPECTED TO REACH ABOUT GBP 19 MILLION (APPROX. SEK 220 MILLION).SAYS SALES FOR 2018 ARE EXPECTED TO REACH ABOUT GBP 19 MILLION (APPROX. SEK 220 MILLION) WITH A GOOD EBIT MARGIN AND ACQUISITION WILL BE ACCRETIVE TO EPS FROM START.SAYS LORIENT, A LEADING DESIGNER AND MANUFACTURER OF HIGH PERFORMANCE DOOR SEALING SYSTEMS BASED IN THE UK WITH HALF OF SALES EXPORTED OUTSIDE OF THE UK AND EU.  Full Article

Assa Abloy CEO: price hikes to increasingly compensate for high steel costs
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Assa Abloy AB CEO Nico Delvaux to analysts and media in a conference call::ASSA ABLOY CEO SAYS CONTINUED PRICE INCREASES SHOULD MORE AND MORE COMPENSATE FOR THE HIGH STEEL COSTS, IS CONFIDENT WILL BE ABLE TO FULLY COMPENSATE BY EARLY 2019.  Full Article

Assa Abloy CEO: to book most costs for new restructuring programme in Q4
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Assa Abloy AB CEO Nico Delvaux to analysts and media in a conference call::ASSA ABLOY CEO SAYS SCOPE OF THE NEW SAVINGS PROGRAMME, PLANNED FOR LAUNCH IN Q4, WILL BE VERY SIMILAR TO PREVIOUS ONES, WITH COST OF AROUND 1-1.5 BILLION SEK.ASSA ABLOY CEO SAYS TO TAKE MAJORITY OF COST FOR THE NEW RESTRUCTURING PROGRAMME AT THE END OF 2018, AND PART OF THE COST IN 2019.ASSA ABLOY CEO SAYS WOULD BE VERY DISAPPOINTED IF ORGANIC GROWTH SALES AT THE EMEA DIVISION DID NOT IMPROVE IN Q4 VERSUS Q3.  Full Article

Assa Abloy buys biometric ID management firm Crossmatch
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Assa Abloy AB ::ASSA ABLOY ACQUIRES CROSSMATCH IN THE U.S., A LEADER IN BIOMETRIC IDENTITY MANAGEMENT AND SECURE AUTHENTICATION SOLUTIONS.SAYS SALES FOR 2018 ARE EXPECTED TO REACH USD 125 MILLION (APPROX. SEK 1,150 MILLION) WITH A GOOD EBIT MARGIN.SAYS ACQUISITION WILL BE ACCRETIVE TO EPS FROM START.  Full Article