"I am very pleased to welcome Lorient and their employees into the Assa Abloy Group. This acquisition delivers on our strategy to strengthen our position in the mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of Assa Abloy.

“Lorient is a very attractive addition to the EMEA division thanks to its strong position in the UK fire protection market. It allows us to offer a comprehensive door sealing portfolio alongside innovative drop-down seals and finger protection solutions from Planet GDZ, which we acquired earlier this year in Switzerland”, says Neil Vann, Executive Vice President of Assa Abloy and Head of the EMEA division.

Lorient was established in 1979 and has approximately 135 employees. The head office is located in Newton Abbot, Devon, UK.

Sales for 2018 are expected to reach about GBP 19 million (approx. SEK 220 million) with a good EBIT margin and the acquisition will be accretive to EPS from start.