Assa Abloy: takeover of unloading platforms in Texas
In a press release, the group emphasizes that the operation will mark its entry into a new market segment deemed "promising", with the aim of expanding its positioning beyond its so-called "core" businesses.
Founded in 1975, IWS - headquartered in Burleson, Texas - employs around 550 people.
It has sales of $170 million in 2022, and Assa Abloy expects the acquisition to be accretive to its earnings per share (EPS) upon completion.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction