(IN BRIEF) Mutares SE & Co. KGaA has placed 910,000 shares—about 17% of Steyr Motors AG’s outstanding shares—through an accelerated bookbuilding process, raising EUR 30.9 million. This follows a recent German legislative change to bolster domestic defense, which helped spark … Read the full press release
Posted in Automotive, Business, Financial, Germany, Industrial, Investment, Management, Marketing, News, Technology
Tagged 40.1% stake, accelerated bookbuilding, capital markets, defense sector, EBIT margin, engine manufacturing, equity markets, EUR 30.9 million, EUR 74 million, free float increase, German defense industry, Germany Basic Law amendment, investor confidence, JLPGA, Johannes Laumann, Mutares, order backlog, partnership, public offering, share placement, Steyr Motors AG, stock liquidity, strategic divestment
(IN BRIEF) ASSA ABLOY has acquired Canadian company Wallace & Wallace, along with Wallace Perimeter Security, to expand its Perimeter Security portfolio and strengthen its position in mature markets. The acquisition, which integrates a firm renowned for its perimeter fencing, … Read the full press release
Posted in Business, Construction, Financial, Government, Industrial, Investment, Management, News, Security & Safety, Sweden, Technology
Tagged accretive, acquisition, ASSA ABLOY, business strategy, Canadian, Central Canada, CEO, Commercial, complementary products, distributor, door solutions, EBIT margin, Entrance Systems Division, EPS, Executive Vice President, gate solutions, installer, legacy brand, Manitoba, manufacturer, Massimo Grassi, mature markets, MCAD 57, MSEK 440, Nico Delvaux, partnership, perimeter fencing, Perimeter Security portfolio, President, residential, Wallace & Wallace, Wallace Perimeter Security, Winnipeg
(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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