SecurityWorldMarket

12/06/2018

Assa Abloy acquires HKC in Ireland

Stockholm, Sweden and Dublin, Ireland

Nico Delvaux, President and CEO Assa Abloy

Assa Abloy has acquired HKC, a leading manufacturer of alarms and cloud based monitoring solutions, based in Ireland.

"I am very pleased to welcome HKC into the Assa Abloy Group. HKC offers a comprehensive portfolio of wired and wireless alarm products as well as monitoring solutions that in a very good way complements the Assa Abloy offering in the Irish market”, says Nico Delvaux, President and CEO of Assa Abloy.

HKC was established in 1991 and has some 45 employees. The head office is located in Dublin, Ireland.

Sales for 2018 are expected to reach some EUR 18 million (approx. SEK 180 million) with a good EBIT margin and the acquisition will be accretive to EPS from start.


Tags

Product Suppliers
Back to top