Key Developments: Assa Abloy AB (ASSAb.ST)

ASSAb.ST on Stockholm Stock Exchange

353.10SEK
29 Aug 2014
Price Change (% chg)

1.60kr (+0.46%)
Prev Close
351.50kr
Open
352.90kr
Day's High
353.50kr
Day's Low
349.20kr
Volume
587,086
Avg. Vol
683,355
52-wk High
361.30kr
52-wk Low
279.80kr

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Latest Key Developments (Source: Significant Developments)

Assa Abloy AB acquires ENOX in India
Monday, 30 Jun 2014 02:00am EDT 

Assa Abloy AB:Says that it has signed an agreement to acquire the locks and hardware business under the ENOX brand from Pooja Hardware.The transaction is expected to close during Q3 2014.  Full Article

Assa Abloy announces details of FY 2013 dividend
Wednesday, 7 May 2014 11:00am EDT 

Assa Abloy AB:Approves FY 2013 dividend at 5.70 Swedish crowns per share.The record date for the dividend was set at May 12 and the dividend is expected to be distributed by Euroclear Sweden AB starting on May 15.  Full Article

Assa Abloy AB acquires Lumidigm in US
Monday, 10 Feb 2014 02:13am EST 

Assa Abloy AB:Says it has acquired Lumidigm, a manufacturer of biometric readers based on patented multispectral imaging technology.Terms were not disclosed.  Full Article

Assa Abloy proposes FY 2013 dividend of SEK 5.70 per share
Friday, 7 Feb 2014 02:00am EST 

Assa Abloy AB:Proposes FY 2013 dividend of 5.70 Swedish crowns per share.Paid dividend of 5.10 Swedish crowns per share for FY 2012.  Full Article

Assa Abloy AB acquires IdenTrust in United States
Friday, 17 Jan 2014 02:00am EST 

Assa Abloy AB:Says it has acquired IdenTrust, a provider of digital authentication solutions.Says IdenTrust provides advanced cryptology systems and is both a Trust Framework and an Identity Provider.Says IdenTrust was founded in 1999 and has 63 employees.Says sales are expected to reach $14 million (about 90 million Swedish crowns) in 2014.No further details were provided.  Full Article

Assa Abloy AB Acquires Amarr in United States
Thursday, 7 Nov 2013 02:30am EST 

Assa Abloy AB announced that it has signed an agreement to acquire Amarr, the company in the North American sectional door market. The company was founded in 1951 and is based in Winston-Salem, North Carolina with operations in United States, Canada and Mexico. The company has 1,200 employees. Sales for 2014 are expected to reach USD 330 million (SEK 2,100 million). The acquisition will be accretive to EPS from start. The transaction is subject to regulatory approval and is expected to close during the fourth quarter of 2013.  Full Article

Assa Abloy AB's Receives Order from Chalmers Fastigheter-SIX
Monday, 4 Nov 2013 08:03am EST 

SIX reported that Assa Abloy AB's subsidiary, Assa, has received an order from Chalmers Fastigheter regarding a new access control system. Assa is to install its ARX system and 1,700 Pando Secure proximity card readers. Deliveries will take place in three stages starting from November 2013 and ending in 2015. Financial details were not disclosed.  Full Article

Assa Abloy AB Eyes More Plant Closures-Reuters
Monday, 28 Oct 2013 03:32am EDT 

Reuters reported that Assa Abloy AB said it would launch a new efficiency scheme before year-end that would see it shutter about 30 plants and offices over the coming three year.  Full Article

Assa Abloy AB Repeats Long Term Guidance
Monday, 28 Oct 2013 03:00am EDT 

Assa Abloy AB announced that the Company's organic sales growth is expected to continue at a good rate. The Company's long term guidance is that the operating margin (EBIT) and operating cash flow are expected to develop well. The guidance is unchanged from what was announced on July 19, 2013.  Full Article

Assa Abloy AB Acquires Two Chinese Fire and Security Door Manufacturers - Xinmao and Huasheng
Monday, 14 Oct 2013 02:00am EDT 

Assa Abloy AB announced that the Company has signed agreements to acquire two fire-rated and security door manufacturers, Xinmao and Huasheng. Xinmao and Huasheng are in the Heilongjiang and Shandong provinces in Northeastern and East China respectively. The transactions are subject to regulatory approvals and are expected to close during Q1 2014. Financial details were not disclosed. Xinmao was established in 1995 and has 360 employees. The head office and factory is located in Harbin, Heilongjiang province, Northeastern China. Huasheng was established in 1994 and has 460 employees. The head office and factory is located in Yantai, Shandong province, Eastern China.  Full Article

UPDATE 1-Assa Abloy Q2 sales growth weaker than expected

* Lock maker says strong performance in EMEA, Asia Pacific (Adds details)

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