Scienza e Tecnologia
ASSA ABLOY sells CEDES in Switzerland to capiton AG
"I find it very satisfying that with capiton AG, CEDES and its employees and customers gain a committed long-term investor, creating new opportunities for the future and I wish them every success," says Nico Delvaux , President and CEO of ASSA ABLOY.
"CEDES now has the investment and expertise to grow and expand its core business of elevator sensors, allowing us to focus our resources on our core business of automated doors. CEDES is a well-performing business with high quality products, and we will continue to partner with the company as a preferred external supplier," says Christopher Norbye , Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division.
The transaction will have a neutral effect on ASSA ABLOY's operating margin.
The divestiture is subject to customary closing conditions and is expected to close during the fourth quarter of 2020.
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-sells-cedes-in-switzerland-to-capiton-ag,c3189130
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