"This acquisition delivers on our strategy to add complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of Assa Abloy.
“SAS is an exciting addition to our UK business, and I am delighted to welcome the team to Assa Abloy," adds Neil Vann, Executive Vice President of Assa Abloy and Head of EMEIA Division. “SAS offers an innovative and high-quality range of window and door profile systems including market leading thermally efficient technology. Their portfolio will further extend the Assa Abloy offering in the commercial OEM market in the UK.”
SAS was established in 1991 and has some 150 employees. The main office and factory are located in Yorkshire, UK.
Sales for 2024 amounted to about MGBP 50 (approx. MSEK 680) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.
.jpg?w=170&action=fill&sh=a1443 "Milestone and Nvidia partner on Project Hafnia for developing AI models in video surveillance. (Left)- Thomas Jensen, CEO, Milestone Systems, and (right) Deepu Talla, VP and General Manager, Embedded and Edge Computing, Nvidia. Image courtesy of Milestone Systems")
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