"I am very pleased to welcome Amecor into the
"The Amecor team has a 30-year history in the South African security sector with a suite of reliable and leading products in the alarm segment. Amecor will reinforce our long-term commitment to the South African and Sub-Saharan markets and there are numerous synergies with our electronic security solutions business, that will add great benefit to our customers," says
Amecor was established in 1994 and has some 120 employees. The main office and factory are located in
Sales for 2022 amounted to about MZAR 270 (approx. MSEK 170) with a strong EBIT-margin. The acquisition will be accretive to EPS from the start.
The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the second quarter of 2024.
For more information, please contact:
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, e-mail:
bjorn.tibell@assaabloy.com
About
https://news.cision.com/assa-abloy/r/assa-abloy-acquires-amecor-in-south-africa,c3913599
https://mb.cision.com/Main/7333/3913599/2555324.pdf
https://news.cision.com/assa-abloy/i/logo-on-facade2,c3259682
(c) 2024 Cision. All rights reserved., source