ASSA ABLOY acquires Ameristar
STOCKHOLM, Sweden -- October 1, 2013
ASSA ABLOY has signed an agreement to acquire Ameristar, the leading US
manufacturer of perimeter security solutions. Ameristar offers a comprehensive
product range of industrial and high security fencing and gates, complementing
the ASSA ABLOY offering of security solutions in the American market.
“It is with excitement that I welcome Ameristar to the group. Ameristar is a
highly strategic addition to ASSA ABLOY. The company reinforces our market
leadership in North America and constitutes an important step in providing a
complete range of products for total door opening solutions.” says Johan
Molin, President and CEO of ASSA ABLOY.
“Ameristar has built a solid reputation among building owners, architects and
installers as the premier provider of security fencing solutions for the US
market. Ameristar brings new valuable competencies to the group as well as
providing an excellent fit with our broad array of security and safety
solutions.” says Thanasis Molokotos, Executive Vice President of ASSA ABLOY
and Head of the Americas Division.
Ameristar was established in 1982 and has some 650 employees. The head office
and factory is located in Tulsa, Oklahoma.
Sales are expected to reach USD 173 M (approx. SEK 1 100 M) in 2013 with a
good EBIT margin. The acquisition is accretive to EPS from start.
The transaction is subject to regulatory approval and is expected to close
during Q4 2013.
About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated to
satisfying end-user needs for security, safety and convenience. Since its
formation in 1994, ASSA ABLOY has grown from a regional company into an
international group with around 43,000 employees, operations in over 70
countries and sales of about SEK 47 billion. ASSA ABLOY offers a more complete
range of door opening solutions than any other company on the market. In the
fast-growing electromechanical security segment, the Group has a leading
position in areas such as access control, identification technology, entrance
automation and hotel security.
This information was brought to you by Cision http://news.cision.com
For more information, please contact:
Johan Molin, President and CEO
tel no: +46 8 506 485 42
Carolina Dybeck Happe
CFO and Executive Vice President
tel no: +46 8 506 485 72
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