I am very pleased to welcome Capital Door Service into the Assa Abloy Group. I welcome this complementary addition, specializing in entrance automation, to our business,” says Nico Delvaux, President and CEO of Assa Abloy.

“Capital Door Service with its strong market position will further strengthen our geographic coverage in Western U.S. I welcome the team to Assa Abloy and I am convinced that we will continue together our successful journey,” says Markus Kast, Head of Entrance Systems business segment Pedestrian.

Capital Door Service was founded in 1999 and has some 50 employees. The company is headquartered in Sacramento, California.

Sales in 2020 amounted to about MUSD 17 (approx. MSEK 150) with a good EBIT margin. The acquisition will be accretive to EPS from the start.