05/01/2013
Assa acquires 4Front
Stockholm, Sweden and Carrollton, Tx (USA)
"The acquisition of 4Front is a great addition to our growing portfolio of docking systems and adds also strongly to our position in the indirect channel of entrance automation products. 4Front has a strong market position, excellent products and a very experienced organisation. We look forward to developing the US and other markets together with the 4Front team", commented Juan Vargues, Executive Vice President of Assa Abloy and Head of Division Entrance Systems.
The company was founded in 1953 and is based in Carrollton, Texas with operations in USA, Canada, Mexico and India. The company has 750 employees.
Sales for 2012 are expected to reach USD 165 M (SEK 1,100 M). The acquisition will be accretive to EPS from start.
The deal was closed simultaneously with signing on December 24, 2012.