ASSA ABLOY has completed 100 acquisitions since 2005

ASSA ABLOY has completed 100 acquisitions since 2005 
STOCKHOLM, SWEDEN -- (Marketwire) -- 01/09/13 --  With the
acquisition of 4Front, announced on 27 December 2012, ASSA ABLOY has
now acquired 100 companies since Johan Molin joined the Group as
President and CEO in 2005. 
Despite two major recessions, the ASSA ABLOY Group has experienced
growth since the beginning of 2005. Sales have increased
by 84 percent from SEK
25 billion to SEK 46 billion (rolling 12
months per September 2012). ASSA ABLOY's operating income, EBIT*, has
during the same period doubled from SEK
3.7 billion to SEK 7.4
billion and earnings per share* have increased by 114
percent - from
SEK 6.32 to SEK 13.53. 
"The strategic growth target for ASSA ABLOY is to grow with 10
percent annually
through a combination of organic growth and
acquisitions. We have a focused acquisition strategy in three
directions: gaining access to new geographic markets, adding new and
complementary products to our portfolio, and obtaining
technologies in various key fields," Molin says. 
"The foundation for ASSA ABLOY's rapid acquisitions expansion has
been the Groups ability to identify and build good relationships with
potential acquisitions, effectively acquire them, and successfully
integrate them fast
into the Group. What is even more exciting is
that virtually all acquisitions
have developed very well and
contributed significantly to the profitability of
Group," Molin says. 
"ASSA ABLOY has completed another 11 acquisitions during the first
nine months
2012, adding SEK 3.45 billion (8,3 percent) to our total
sales," Molin says. "In 2011, 18 acquisitions added 17 percent to
total sales. 
"Looking ahead, ASSA ABLOY will continue to implement its strategy of
acquisitions across all three strategic directions, and
geographically speaking
primarily in the emerging markets in Asia,
Eastern Europe, the Middle East, Africa and South America," Molin
says. "These markets already account for 25
percent of the Group's
total sales and are expected to approach 50 percent by
Since its formation in 1994, ASSA ABLOY has grown from a regional
company into
an international Group with some 44,000 employees and
sales of more than SEK 46 billion, the Group operates in more than 60
countries and sales all over the
All figures for 2012 relates to 12 months rolling per 30 September
*Excluding items affecting comparability. 
About the acquisition of 4Front 
ASSA ABLOY has acquired the US company 4Front, leader in docking
systems. 4Front offers a complete product range around docking systems
as well as a large
variety of accessories. 
"4Front, with its leading brands, is yet another strategic entry to
the important North American market in entrance automation. I welcome
this addition
that further reinforces the ASSA ABLOY Group's
leadership in entrance automation, growing from SEK 3 billion in 2008
to more than SEK 12 billion pro
forma in 2012", commented Johan
Molin, President and CEO of ASSA ABLOY. 
Read the full press release at: 
Visit ASSA ABLOY Historical timeline: 
Press release PDF: 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: ASSA ABLOY via Thomson Reuters ONE 
For more information, please contact:
Johan Molin
President and CEO
tel no: +46 8 506 485 42
Carolina Dybeck Happe
tel no: +46 8 506 485 72
Press spacebar to pause and continue. Press esc to stop.