Tag: Spectrum Brands’ Hardware and Home improvement division (HHI)
ASSA ABLOY sees strong performance in commercial, but residential still challenging
February 7, 2024Ken Showers, Managing Editor
STOCKHOLM – While ASSA ABLOY reported strong gains in its commercial business in the fourth quarter, there's a clear drag on profits in its residential business.
It was a strong quarter in many respects for the global manufacturing company, managing a total of six acquisitions in the quarter, and a record number of acquisitions for the year. Several of those acquisitions were in the South American market, where ASSA ABLOY President and CEO Nico Delvaux said the company continues...
ASSA ABLOY holds Q2 presentation, announces acquisition of Evolis
July 19, 2023Ken Showers, Managing Editor
STOCKHOLM – ASSA ABLOY preempted its second fiscal quarter 2023 presentation with the news that the company would be acquiring Evolis through its subsidiary HID Global.
The news came roughly an hour before the company’s quarterly presentation detailing their intent to purchase approximately 98.5 percent of shares from the French manufacturer of ID card printers and consumables. "This operation is a tremendous development opportunity for our two groups," Evolis CEO Emmanuel Picot...