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ASSA ABLOY acquires Lighthouse

March 25, 2016SSN Staff

STOCKHOLM—ASSA ABLOY on March 15 announced it acquired Lighthouse, a sectional door and docking distributor based in Charlotte, N.C. "[The deal] reinforces the ASSA ABLOY Group's leadership in entrance automation, where our sales have grown from SEK 3 billion ($363 million) in 2008 to SEK 18 billion in 2015,” Johan Molin, president and CEO of ASSA ABLOY, said in a prepared statement. "Lighthouse is a strategic step for us in the U.S.A. and we welcome the entire team to ASSA ABLOY Entrance...

Assa Abloy, Johan Molin, Juan Vargues, Lighthouse

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