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Assa Abloy ADR (ASAZY) drives innovation in physical and digital access solutions across global markets. This dedicated news center provides investors and industry professionals with authoritative updates on the company’s strategic developments.
Access timely reports on earnings announcements, acquisition activity, product innovations, and partnership agreements. Our curated collection ensures transparent access to primary source materials, including official press releases and verified financial disclosures.
Key focus areas include updates on electromechanical security systems, digital authentication advancements, and market expansion strategies. The resource serves as a centralized hub for tracking ASAZY’s progress in addressing evolving security demands across commercial, government, and residential sectors.
Bookmark this page for streamlined access to critical updates affecting ASAZY’s market position. Check regularly for new developments in access control technologies and strategic business moves shaping the security solutions landscape.
ASSA ABLOY held its Annual General Meeting on April 23, 2025, in Stockholm, where several key resolutions were adopted. The company approved a dividend of SEK 5.90 per share, to be paid in two equal installments on April 30 and November 14, 2025.
Shareholders re-elected seven board members, with Johan Hjertonsson continuing as Chairman and Carl Douglas as Vice Chairman. Ernst & Young AB was re-appointed as auditor until the 2026 AGM. The board's total remuneration was set at SEK 10,106,000.
Notable resolutions included authorization for share repurchase of Series B shares (up to 10% of total shares) and the approval of a new long-term incentive program (LTI 2025) for senior executives and key employees.
ASSA ABLOY announced that Board member Joakim Weidemanis has resigned from his position on March 17, 2025. Weidemanis, who joined the board in 2020, stepped down voluntarily due to commitments with another company.
Following his departure, the Board of Directors will continue to operate with seven members, maintaining its decision-making capability in accordance with the company's articles of association.
ASSA ABLOY has acquired Wallace & Wallace and Wallace Perimeter Security, a Canadian manufacturer, distributor and installer of perimeter fencing, door and gate solutions. The acquisition strengthens ASSA ABLOY's position in mature markets and enhances its Perimeter Security portfolio, particularly in Central Canada.
Founded in 1946, Wallace & Wallace employs approximately 160 people and operates from its main office and factory in Winnipeg, Manitoba. The company will be integrated into the Business Segment Perimeter Security within the Entrance Systems Division.
The acquired company reported sales of MCAD 57 (approximately MSEK 440) in 2024 with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the start.
ASSA ABLOY has signed an agreement to acquire 3millID and Third Millennium Systems , specialists in readers and credentials for physical access control based in the US and UK. 3millID, founded in 2015 and based in Colorado, provides proprietary access control readers to North American enterprise customers. Third Millennium, established in 1996 in Wales, serves UK and European enterprise and government customers.
The companies, which have maintained a commercial partnership since 2015 in technology development and sales, employ approximately 40 people combined. They will join HID's Physical Access Control Solutions Business Area. Their combined sales for 2023 reached MUSD 21 (MSEK 220) with a strong EBIT margin. The acquisition is expected to be EPS accretive from the start and close during Q1 2025, subject to customary conditions.
ASSA ABLOY has acquired IXLA, an Italian manufacturer of advanced laser and color personalization systems for cards and passports. IXLA, founded in 2003 and based in Romano Canavese, Italy, will join HID's Secure Issuance Business Area. The company has approximately 50 employees and reported sales of MEUR 13 (MSEK 150) in 2023 with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the start and will enhance ASSA ABLOY's presence in the government card personalization equipment sector.
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