ASAZY - ASSA ABLOY UNSP/ADR Latest Stock News & Market Updates

ASSA ABLOY UNSP/ADR - ASAZY STOCK NEWS

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ASSA ABLOY UNSP/ADR (ASAZY) is a global leader in access solutions, specializing in the development, manufacturing, and sale of door opening and trusted identity systems. With operations worldwide and a strong focus on innovative technologies, ASSA ABLOY has secured a leading market position. Recent acquisitions of EVOLIS S.A. and Messerschmitt Systems have further expanded its product portfolio, offering comprehensive solutions for a variety of industries. The company's commitment to sustainable growth, operational excellence, and customer satisfaction ensures its success in an ever-evolving market.

01/08/2025 02:21 AM

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ASSA ABLOY acquires 3millID and Third Millennium in the US and UK

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ASSA ABLOY has signed an agreement to acquire 3millID and Third Millennium Systems , specialists in readers and credentials for physical access control based in the US and UK. 3millID, founded in 2015 and based in Colorado, provides proprietary access control readers to North American enterprise customers. Third Millennium, established in 1996 in Wales, serves UK and European enterprise and government customers.

The companies, which have maintained a commercial partnership since 2015 in technology development and sales, employ approximately 40 people combined. They will join HID's Physical Access Control Solutions Business Area. Their combined sales for 2023 reached MUSD 21 (MSEK 220) with a strong EBIT margin. The acquisition is expected to be EPS accretive from the start and close during Q1 2025, subject to customary conditions.

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11/12/2024 02:21 AM

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ASSA ABLOY acquires IXLA in Italy

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ASSA ABLOY has acquired IXLA, an Italian manufacturer of advanced laser and color personalization systems for cards and passports. IXLA, founded in 2003 and based in Romano Canavese, Italy, will join HID's Secure Issuance Business Area. The company has approximately 50 employees and reported sales of MEUR 13 (MSEK 150) in 2023 with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the start and will enhance ASSA ABLOY's presence in the government card personalization equipment sector.

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04/24/2024 02:26 AM

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Assa Abloy Quarterly Report Q1 2024

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Assa Abloy's Q1 2024 report shows a 9% increase in net sales to SEK 35,200 M, driven by strong execution despite a challenging market. Organic growth was -2% while acquired net growth was 11%. The company saw stable growth in Entrance Systems but declines in other regions. Three acquisitions contributed to the positive sales performance.

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04/03/2024 02:12 AM

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ASSA ABLOY acquires Messerschmitt Systems in Germany

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ASSA ABLOY acquires Messerschmitt Systems, a German developer of access control solutions for the hospitality market, to strengthen its position in developed markets. The acquisition aims to add complementary products and accelerate growth in the DACH region and Middle East.

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03/11/2024 04:51 AM

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ASSA ABLOY publishes its Sustainability Report 2023

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ASSA ABLOY publishes Sustainability Report 2023, showing significant reductions in carbon emissions, water intensity, waste intensity, and injury rate. The company remains committed to ambitious sustainability targets for 2025 and beyond.

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03/11/2024 04:39 AM

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ASSA ABLOY publishes its Annual Report 2023

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ASSA ABLOY, the global leader in access solutions, has released its Annual Report 2023, available on their website. The report provides insights into the company's financial performance and strategic direction.

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02/07/2024 02:26 AM

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ASSA ABLOY Quarterly Report Q4 2023

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The press release highlights the strong financial performance of the company in a challenging market. Net sales increased by 12% to SEK 36,970 M, with organic sales growth of 0% and acquired net growth of 11%. Operating income increased by 11% to SEK 5,722 M, with an operating margin of 15.5%. The Board of Directors proposes a dividend of SEK 5.40 per share for 2023. The company also saw strong growth in operating cash flow and earnings per share.

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02/02/2024 02:25 AM

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ASSA ABLOY sells PACA ascenseur in France to KONE

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ASSA ABLOY has sold its elevator maintenance business PACA ascenseur in France to KONE. PACA, part of the agta record acquisition in 2020, has 210 employees and had sales of [sales figure] in 2022.

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01/23/2024 02:13 AM

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ASSA ABLOY acquires Amecor in South Africa

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ASSA ABLOY has announced the acquisition of Amecor (Pty) Ltd, a South African manufacturer of security communication equipment, to strengthen its position in the South African security market. The acquisition is part of the company's strategy to expand its presence in the region and leverage synergies with its electronic security solutions business. Amecor, with a 30-year history, is expected to enhance ASSA ABLOY's commitment to the South African and Sub-Saharan markets.

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12/07/2023 02:12 AM

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ASSA ABLOY acquires Ghost Controls in the US

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ASSA ABLOY (ASAZY) has acquired Ghost Controls, a US supplier of automated residential gate openers. The acquisition aims to strengthen ASSA ABLOY's position in mature markets by adding complementary products and solutions to its core business. Ghost Controls, founded in 2015, has shown impressive development within the residential gate automation industry and had sales amounting to [insert sales figure for 2022] in 2022. The acquisition is expected to enhance ASSA ABLOY's product offerings and innovation capabilities.

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FAQ

What is the current stock price of ASSA ABLOY UNSP/ADR (ASAZY)?

The current stock price of ASSA ABLOY UNSP/ADR (ASAZY) is $14.44 as of January 8, 2025.

What is the market cap of ASSA ABLOY UNSP/ADR (ASAZY)?

The market cap of ASSA ABLOY UNSP/ADR (ASAZY) is approximately 32.8B.

What is ASSA ABLOY UNSP/ADR known for?

ASSA ABLOY UNSP/ADR (ASAZY) is recognized for its expertise in access solutions, particularly in door openings and trusted identity systems.

What recent acquisitions has ASSA ABLOY made?

ASSA ABLOY recently acquired EVOLIS S.A., a leading French manufacturer of ID card printers, and Messerschmitt Systems, a German developer of access control solutions for the hospitality market.

Where is ASSA ABLOY UNSP/ADR headquartered?

ASSA ABLOY UNSP/ADR (ASAZY) is headquartered in Stockholm, Sweden, with a global presence and operations across various regions.

How does ASSA ABLOY ensure sustainable growth?

ASSA ABLOY focuses on long-term growth trends, such as sustainability and digitalization, to drive innovation and adapt to changing market demands.

What sets ASSA ABLOY apart in the market?

ASSA ABLOY's emphasis on security, advanced authentication methods, encryption technologies, and electromechanical solutions sets it apart in delivering safe, secure, and convenient access solutions.

What is ASSA ABLOY's strategic approach to acquisitions?

ASSA ABLOY strategically acquires companies to strengthen its market position, expand its product portfolio, and realize synergies for sustainable growth.

How does ASSA ABLOY adapt to market conditions?

ASSA ABLOY's agile business model, focus on cost control, operational excellence, and customer value delivery enable it to adapt and perform well in any market condition.

What is ASSA ABLOY's outlook for the future?

ASSA ABLOY remains committed to delivering value to customers and shareholders, with a strong financial position, robust pipeline, and a focus on accelerating long-term profitable growth through innovation and acquisitions.