Assa Abloy: acquisition in UK

(CercleFinance.com) - On Tuesday, Assa Abloy announced the acquisition of Senior Architectural Systems (SAS), a British company specialising in the manufacture of high-end aluminum-based windows and doors.


The Yorkshire-based company supplies 'curtain walls', a type of façade made of glass and aluminum, to the highly thermally-efficient professional building construction sector.

Founded in 1991, SAS - which has around 150 employees - generated sales of around £50m (approx. E60m) last year, with a "solid" operating margin.

The Swedish locksmith giant says that the acquisition will be accretive to its results as soon as it is completed.

Known for its policy of targeted acquisitions, Assa Abloy stresses that this purchase is part of its strategy to strengthen its core businesses by expanding into complementary markets.


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