ASSA ABLOY acquires Wesko Locks in Canada

"Wesko Locks has an extensive portfolio that complements our current high-security products and solutions," says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. "Their focus on high quality, innovative products and excellent customer service reflects our values and I'm excited for them to be part of ASSA ABLOY." "Wesko Locks has an extensive portfolio that complements our current high-security products and solutions," saysLucas Boselli, Executive Vice...

STOCKHOLM, 25/06/2024 (informazione.it - comunicati stampa - information technology)

"Wesko Locks has an extensive portfolio that complements our current high-security products and solutions," says Lucas Boselli , Executive Vice President of ASSA ABLOY and Head of the Americas Division. "Their focus on high quality, innovative products and excellent customer service reflects our values and I'm excited for them to be part of ASSA ABLOY."

Wesko Locks was founded in 1990 and has some 70 employees. The main office and factory are located in Mississauga , close to Toronto, Canada .

Sales for 2023 amounted to about MCAD 22 (approx. MSEK 170) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.

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

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https://news.cision.com/assa-abloy/r/assa-abloy-acquires-wesko-locks-in-canada,c4005739

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