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Tag: Smart Residential


Assa Abloy shows growth in Q3 results, commitment to HHI acquisition

Suppliers

Assa Abloy shows growth in Q3, commits to HHI acquisition

October 28, 2022Ken Showers, Managing Editor

STOCKHOLM – This week lock maker and security giant Assa Abloy presented its Q3 financial results, with strong growth despite signs of a market slowdown. The conference call opened with remarks from Assa Abloy President, CEO & Head, Global Technologies Division Nico Delvaux. The company experienced an organic sales growth of 14 percent which Delvaux credited to Entrance Systems and the America’s contributions, as well as Global Technologies. Net sales have increased 33 percent with...

Assa Abloy, Control iD, COVID, DHL, DoorBird, EBITDA, Emtek Products, intercom, Nico Delvaux, smart locks, Smart Residential, Third Fiscal Quarter, U.S. Department of Justice (DOJ)


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Assa Abloy preps business units for sale, issues official response to U.S. Department of Justice

Residential

ASSA ABLOY issues official response to U.S. Department of Justice

October 17, 2022Ken Showers, Managing Editor

WASHINGTON – Following a complaint filed by the U.S. Department of Justice (DoJ) blocking ASSA ABLOY's acquisition of Spectrum Brands' Holding Hardware and Home Improvement division, the company issued its response to the DoJ on Oct. 14, 2022. ASSA ABLOY confirmed that it has initiated the sales process for Emtek Products and their Smart Residential (Yale) business in the U.S. and Canada. ASSA ABLOY said that it is “vigorously contesting”...

Assa Abloy, Emtek Products, Jonathan Kanter, Nico Delvaux, Smart Residential, Spectrum Brand Holdings, U.S. Department of Justice (DOJ)


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