28/11/2011
Assa Abloy makes a further acquisition
Stockholm, Sweden
"Metalind’s focus on customised fire doors, with its significant installation activity, along with its large customer base, will give us a great opportunity to accelerate the development in the Balkan region,” says Tzachi Wiesenfeld , Executive Vice President of
Assa Abloy and Head of Division EMEA. ”We believe that Assa Abloy is an ideal partner to utilise Metalind’s potential further”.
Metalind was established in 1996, has 120 employees and is headquartered in Bjelvoar, Croatia. Sales are expected to reach EUR9 M in 2011 (approx SEK 82 M) with a good EBIT margin and it will be accretive to EPS from the start.