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    ASSA B   SE0007100581

ASSA ABLOY AB

(ASSA B)
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Assa Abloy Agrees to Buy Door-and-Window Hardware Manufacturer

09/27/2021 | 02:44am EST

By Dominic Chopping

STOCKHOLM--Swedish lock maker Assa Abloy AB said Monday it has agreed to buy Arran Isle, a designer, manufacturer and distributor of door-and-window hardware in the U.K. and Ireland.

Arran Isle was established in 1971 and has around 560 employees. The company has manufacturing and distribution sites in the U.K., Ireland, Europe and China, Assa Abloy said.

Sales for 2020 amounted to about 100 million pounds ($136.7 million), and the acquisition will be accretive to earnings per share from the start, Assa Abloy said.

"This acquisition delivers on our strategy to add complementary products and solutions to our core business," Chief Executive Nico Delvaux said.

The acquisition is subject to regulatory approval and is expected to close during the fourth quarter of 2021, the company said.

Financial details weren't disclosed.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

09-27-21 0243ET

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Analyst Recommendations on ASSA ABLOY AB
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Financials
Sales 2021 94 697 M 10 434 M 10 434 M
Net income 2021 10 586 M 1 166 M 1 166 M
Net Debt 2021 40 010 M 4 408 M 4 408 M
P/E ratio 2021 27,4x
Yield 2021 1,59%
Capitalization 292 B 32 315 M 32 164 M
EV / Sales 2021 3,51x
EV / Sales 2022 3,08x
Nbr of Employees 50 946
Free-Float 91,4%
Chart ASSA ABLOY AB
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Assa Abloy AB Technical Analysis Chart | ASSA B | SE0007100581 | MarketScreener
Technical analysis trends ASSA ABLOY AB
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 262,80 SEK
Average target price 280,36 SEK
Spread / Average Target 6,68%
EPS Revisions
Managers and Directors
Nico Delvaux President & Chief Executive Officer
Erik Pieder Chief Financial Officer & Executive VP
Lars Sture Renström Chairman
Carl Fredrik Wilhelm Douglas Vice Chairman
Eva Irene Karlsson Independent Director
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