openPR Logo
Press release

direct/ ASSA ABLOY (SE) - ASSA ABLOY acquires Australian market leader in fire rated doors

01-15-2007 02:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ASSA ABLOY (SE)

ASSA ABLOY has signed an agreement to acquire the Australian-based company Pyropanel, a leading producer of specialised doors and fire-rated products.

Pyropanel was founded in 1976 and today has 75 employees with regional operations in Victoria, New South Wales and Queensland, Australia.

Pyropanel´s product offering along with ASSA ABLOY´s specification strength is expected to create further growth opportunities and strengthen the company´s position in the commercial segment.

Pyropanel´s sales reached AUD 19 million in 2006 with a good EBIT-margin and the acquisition is expected to be EPS accretive from the date of acquisition. Pyropanel will be consolidated on February 1, 2007 into division Asia Pacific.

Further information can be obtained from

Martin Hamner, Director of Investor Relations and Group Controller, Tel: +46 8 506 485 79

Press release (PDF)

The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release direct/ ASSA ABLOY (SE) - ASSA ABLOY acquires Australian market leader in fire rated doors here

News-ID: 14520 • Views:

More Releases from ASSA ABLOY (SE)

direct/ ASSA ABLOY has signed an agreement to acquire SimonsVoss Technologies AG
A leading company in the rapidly growing market for wireless digital locking and access control systems. SimonsVoss Technologies AG ("SimonsVoss") develops, manufactures and markets electronic locking and access control systems for public and commercial buildings. The acquisition will offer ASSA ABLOY a great growth opportunity and access to an extended product platform. SimonsVoss will be organized as a separate business unit within the ASSA ABLOY Global Technologies Division. The market
direct/ ASSA ABLOY (SE) - Adjustment of the financial objectives
In connection with ASSA ABLOY´s Capital Markets Day the Group has adjusted the financial objectives: Upgraded objective: - Sales should increase with a total of 10 percent per year over a business cycle by a combination of organic growth and acquisitions over a business cycle. Previous target was "Sales should increase organically by an average of about 5 percent over a business cycle" Unchanged objectives that should be achieved by
direct/ ASSA ABLOY (SE) - New Organization for ASSA ABLOYs Global Technologies D …
Johan Molin, President and CEO of ASSA ABLOY, will continue to head the Global Technologies division. HID Global and ASSA ABLOY Identification Technologies to merge. From September 1, 2007, the Global Technologies division will consist of the two units HID/ITG and Hospitality. Denis Hébert, Head of HID/ITG, and Tim Shea, Head of Hospitality, appointed new members of the Executive Management team of the Group. "Combining the two units HID and ITG
direct/ ASSA ABLOY (SE) - ASSA ABLOY announces tender offer to acquire leading S …
ASSA ABLOY announces tender offer to acquire iRevo Co. Ltd., a Seoul-listed company and market leader in the world´s largest market for digital door locks*. ASSA ABLOY has agreed with Mr Jae Hong Ha, the largest shareholder, founder and CEO to acquire his 33% stake in the company. The company brings great benefits to the ASSA ABLOY group, including - a market leading position in Korea, - access to efficient

All 5 Releases

More Releases for Pyropanel

Fire Resistant Grills Market Status and Outlook (2022-2028): Global Industry Tre …
The Fire Resistant Grills Market research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth. The report analyses factors affecting the
Fire Collars Market is Anticipated to Witness Outstanding Growth Over the foreca …
This Fire Collars market study provides a few important aspects that have big impact on market growth and permit organizations earn huge profits. Problems that key industries face, as well as prospective shortages, are also pointed out here. It talks about financial and societal variables that are relevant to the business in order to help out business players in making informed decisions. This market analysis report also includes capacity, product
Fire Collars Market Pegged for Robust Expansion by 2027 Covid-19 Analysis
It shows how the COVID-19 health problem has affected a variety of companies. The COVID-19 epidemic and related lockdown countermeasures have wreaked havoc on several various segments of the economy; however, a few have seen growing demands. This Fire Collars market report's major objective is to forecast market growth from 2021 to 2027. A Market Report is the result of a data-driven strategy. It displays data in a visually appealing
Fire Collars Market to Observe Strong Growth by key players Walraven, Fireus, Al …
HTF MI recently introduced Global Fire Collars Market study with focused approach on market size & volumes by Application, Industry particular process, product type, players, and production & Consumption analysis considering major factors, cost Structure and regulatory factors. At present, the market is developing its presence and some of the key players from the complete study are STI, Snap, Rockwool, Promat, Rf-Technologies, PFC Corofil, ASSA ABLOY (Pyropanel),Walraven,Fireus,Allproof,Hilti,Metacaulk,Ramset,Fondital (Marvon),Temati, Envirograf, FIRESEAL,DST
Fire Collars Market: Competitive Dynamics & Global Outlook 2023
New report published by Global Info Research which offers insights on the global Fire Collars market. When combustible (plastic) pipes burn away during a fire, openings appear in fire resistant walls. Fire resistant collars are affixed around such pipes to prevent fire from spreading to other compartments. They expand through heat, thus closing off the openings and making them fire resistant. Click to view the full report TOC, figure and tables: Global Fire
direct/ ASSA ABLOY (SE) - Strong finish to 2006 for ASSA ABLOY
Sales for the fourth quarter increased by 7% to SEK 8,059 M (7,530), with 9% organic growth, 5% acquired growth and -7% exchange-rate effects. Operating income (EBIT), excluding restructuring costs, increased by 20% to SEK 1,274 M (1,063). Earnings per share, excluding restructuring costs, increased by 16% to SEK 2.14 (1.84). - Sales for 2006 increased by 12% to SEK 31,137 M (27,802), with 9% organic growth, 3% acquired growth