ASSA ABLOY to acquire Arran Isle Ltd in the UK

"Arran Isle is an excellent addition to our business and in particular EMEIA's UK and Ireland market region. The acquisition brings well-known architectural and fenestration hardware brands to our portfolio. Arran Isle have built a reputation developing innovative products and a market leading approach to customer service with a passionate and experienced team," says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division. " Arran Isleis an excellent addition to our...

STOCKHOLM, 27/09/2021 (informazione.news - comunicati stampa - scienza e tecnologia)

" Arran Isle is an excellent addition to our business and in particular EMEIA's UK and Ireland market region. The acquisition brings well-known architectural and fenestration hardware brands to our portfolio. Arran Isle have built a reputation developing innovative products and a market leading approach to customer service with a passionate and experienced team," says Neil Vann , Executive Vice President of ASSA ABLOY and Head of EMEIA Division.

Arran Isle has some 560 employees and was established in 1971. The company has manufacturing and distribution sites in the UK, Ireland , Europe and China .

Sales for 2020 amounted to about MGBP 100 (approx. MSEK 1,200). The acquisition will be accretive to EPS from the start.

The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the fourth quarter of 2021.

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

About ASSA ABLOY

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https://news.cision.com/assa-abloy/r/assa-abloy-to-acquire-arran-isle-ltd-in-the-uk,c3421404

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