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Press Releases from ASSA ABLOY (12 total)

Annual General Meeting of Shareholders in ASSA ABLOY AB

The shareholders of ASSA ABLOY AB are hereby invited to attend the Annual General Meeting to be held on Thursday 24 April 2008 at 3.00 p.m., in the Auditorium of Moderna Museet, Skeppsholmen, Stockholm. The Annual General Meeting will discuss the proposal of The Nomination Committee regarding the election of a new Board of Directors: The Nomination Committee proposes that the Meeting resolves as follows: -

Hugin/ASSA ABLOY has acquired 20% of Copiax, a leading Swedish locks and securit …

ASSA ABLOY has acquired 20% of the shares in Copiax AB from Verdane Capital, a financial investor. With this acquisition ASSA ABLOY now owns close to 31% of the capital. Copiax is a Swedish wholesaler of security product focusing on locksmith, security installers and builders merchants. The company operates with some 45 employees from the head office in Stockholm and is expected to reach a turnover exceeding SEK 400 M

direct/ ASSA ABLOY´s Crescendo(TM) Smart Card has earned the "Works With Window …

ASSA ABLOY, and its business unit HID Global, today announced that its Crescendo(TM) smart cards offer a Windows Smart Card Framework Minidriver. Crescendo cards also work with all physical access control systems. Crescendo C200 has been tested for baseline compatibility with PCs running the Windows Vista operating system and earned the "Works with Windows Vista" logo. It is also certified for use with Microsoft Windows XP and Microsoft Windows Server

direct/ ASSA ABLOY (SE) - ASSA ABLOY acquires majority stake in iRevo

ASSA ABLOY announced today that it has agreed to acquire in excess of 50% in iRevo, a Seoul-listed company and market leader in digital door locks *. ASSA ABLOY has reached an agreement with a number of the main shareholders, including Mr Jae Hong Ha, the founder and CEO of iRevo, to acquire in excess of 50% of the shares and voting rights **. Founded in 1997, iRevo has grown rapidly

direct/ ASSA ABLOY (SE) - ASSA ABLOY makes acquisitions in the U.S., Israel and …

Division Entrance Systems has acquired La Force Associates in the U.S. The company distributes, installs and performs service on automatic doors in the southwestern U.S. where the company has a market-leading position. The company´s sales amount to about SEK 80 million annually with 70 employees. The service and installation parts of the business are priority activities for the growth of Entrance Systems. Division EMEA has signed an agreement to acquire

direct/ ASSA ABLOY (SE) - ASSA ABLOY reports continued strong sales

Sales for the second quarter increased by 10% to SEK 7,689 M (6,984), including 7% organic growth. - The operating margin (EBIT) for the second quarter, excluding restructuring costs, amounted to 15.0% (14.6). - Restructuring costs during the quarter totaled SEK 520 M. - Net income for the second quarter amounted to SEK 297 M (657). - Earnings per share for the second quarter amounted to SEK 0.80 (1.75), or

direct/ ASSA ABLOY (SE) - ASSA ABLOY HID´s acquisition of Fargo Electronics Inc …

The acquisition of Fargo Electronics Inc ("Fargo") has been approved by the shareholders of Fargo and received regulatory approval. The acquisition has now been completed. The acquisition is a result of a long-standing relationship between two successful security solutions companies, HID and Fargo, and their decision to jointly pursue opportunities in the secure identification field. Founded in 1974, Fargo is a global leader in the development of secure technologies for identity

direct/ ASSA ABLOY (SE) - ASSA ABLOY appoints new Chief Financial Officer and ne …

Tomas Eliasson has been appointed Chief Financial Officer (CFO) and Executive Vice President ASSA ABLOY. Tzachi Wiesenfeld has been appointed Head of Division EMEA and Executive Vice President ASSA ABLOY. Both appointments are effective from September 1. Tomas Eliasson is since 2002 CFO and Senior Vice President for Seco Tools, one of the world´s leading manufacturers of cemented carbide cutting tools, which is listed on the Stockholm Stock Exchange. Previously,

direct/ ASSA ABLOY (SE) - New Management for ASSA ABLOY´s division Asia Pacific

Geoff Norcott leaves his position as President of ASSA ABLOY´s Asia Pacific division. Åke Sund, Head of Market and Business Development will take over the responsibility for Asia Pacific on an interim basis until a permanent successor has been appointed. The change is effective immediately. Further information can be obtained from Martin Hamner, Director of Investor Relations and Group Controller, Tel: +46 8 506 485 79 Ann Holmberg, Manager Corporate

direct/ ASSA ABLOY - ASSA ABLOY acquires European card manufacturer

ASSA ABLOY Identification Technology (ITG) has acquired Schwab & Partner Group, a leading European producer of contactless cards for the ski, public transportation and access control markets. Schwab & Partner was founded in 2000 and has since then grown to become one of Europe´s largest card manufacturers. From a manufacturing base in Innsbruck, Austria, it serves mainly the Central European segments for loyalty, hotels, ski, public transportation, event ticketing and


Sales in the fourth quarter increased organically by 7% to SEK 7,530 M (6,263). Sales for 2005 totaled SEK 27,802 M (25,526), with 5% organic growth. - The operating margin, EBIT, was 14.1% (14.7) for the fourth quarter and 14.7% (14.4) for the full year. - Net income totaled SEK 691 M (586) for the fourth quarter and SEK 2,613 M (2,356) for the full year. - Earnings per share


ASSA ABLOY - CLEAR IMPROVEMENT IN EUROPE The interim report is published earlier than previously announced due to the change of CEO. - Sales for the third quarter of 2005 increased organically by 5% to SEK 7,019 M (6,447). - The quarter´s operating income amounted to SEK 1,103 M (965). - The operating margin (EBIT) for the quarter amounted to 15.7% (15.0). - Net income for the third quarter amounted to SEK 706 M (617). -

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