STOCKHOLM, Jan. 22, 2024 - ASSA ABLOY has acquired Integrated Warehouse Solutions (IWS), a US manufacturer of loading dock equipment.
"I am very pleased to welcome IWS into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY.
"The acquisition of IWS marks an exciting expansion into new market segments, enhancing our brand positioning within our core product offerings. We look forward to welcoming IWS and to adding additional customer value to our core loading dock equipment product offering," says Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division.
IWS was founded in 1975 and has some 550 employees. The company is headquartered in Burleson, Texas.
Sales for 2022 amounted to about MUSD 170 (approx. MSEK 1,700). The acquisition will be accretive to EPS from the start.
For more information, please contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 52,000 employees and sales of SEK 121 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.
