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ASSA ABLOY acquires Olimpia Hardware
"The addition of Olimpia complements our business in Latin America , further supporting the growing trend of openings utilizing glass and aluminum products," says Lucas Boselli , Executive Vice President of ASSA ABLOY and Head of the Americas Division.
Olimpia was established in 1999 and serves Latin America and the Caribbean . ASSA ABLOY will continue to sell Olimpia branded products across the region.
Sales for 2019 amounted to about 13 MUSD (approx. 125 MSEK) with a good EBIT margin. The acquisition will be accretive to EPS from 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
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https://news.cision.com/assa-abloy/r/assa-abloy-acquires-olimpia-hardware,c3209368
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