(IN BRIEF) ASSA ABLOY has announced its acquisition of 3millID Corporation and Third Millennium Systems Ltd, both specializing in physical access control solutions. These acquisitions will expand ASSA ABLOY’s offerings and support growth opportunities, particularly outside the United States. 3millID, … Read the full press release
Posted in Business, Industrial, Investment, Sweden, Technology
Tagged 3millID Corporation, Access Control Solutions, acquisition, ASSA ABLOY, Björn Lidefelt, closing conditions, commercial partnership, EBIT margin, Enterprise Customers, EPS, growth opportunities, HID, Highlands Ranch, Nico Delvaux, physical access control, Physical Access Control Solutions Business Area, technology, technology-driven solutions, Third Millennium Systems Ltd, transaction, UK, Wales
Sales: +13.5% to 4,695 million euros (organic: +2.4%) Operating profit*: +14.0% to 768 million euros EBIT margin*: +0.1 percentage points to 16.4% Earnings per preferred share* (EPS): +11.2% to 1.29 euros Strong organic sales growth in emerging markets: +5.1% Düsseldorf … Read the full press release
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