ASSA ABLOY Acquires Southeastern Dock & Door in the U.S.

STOCKHOLM, Feb 01, 2017 /PRNewswire/ —

Southeastern Dock & Door was established in 1996 and has some 70 employees. The company is headquartered in Greenville, South Carolina.

Sales for 2017 are expected to reach USD 19 million (approx. SEK 170 million) with a good EBIT margin. The acquisition will be accretive to EPS from start.

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ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 46,000 employees, operations in more than 70 countries and sales of SEK 68 billion. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.

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