ASSA ABLOY : ASSA ABLOY has completed 100 acquisitions since 2005
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 impressive
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 cutting-edge 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
the ASSA ABLOY 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
proactive 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 2025."
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
All figures for 2012 relates to 12 months rolling per 30 September 2012.
*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: www.assaabloy.com
Visit ASSA ABLOY Historical timeline:
For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42 Carolina Dybeck
Happe, CFO, tel no: +46 8 506 485 72
Press release PDF
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Source: ASSA ABLOY via Thomson Reuters ONE
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