Industria
ASSA ABLOY acquires Wallace & Wallace and Wallace Perimeter Security in Canada
"By acquiring Wallace & Wallace, we are enhancing and complementing our Perimeter Security portfolio," says Massimo Grassi , Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division. "This acquisition enables us to introduce new products to our existing and new customers while further strengthening our presence in Central Canada . We are excited about the opportunities this brings and are confident in the value it will create for our customers."
Wallace & Wallace was founded in 1946 and has some 160 employees. The main office and factory are located in Winnipeg, Manitoba, Canada . Wallace & Wallace will be part of the Business Segment Perimeter Security within the Entrance Systems Division.
Sales for 2024 amounted to about MCAD 57 (approx. MSEK 440) 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, e-mail: bjorn.tibell@assaabloy.com
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