Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

ASSA ABLOY Buys Traka - Quick Facts

Swedish lockmaker ASSA ABLOY AB (ASAZF.PK) said it has acquired Traka Plc in the UK. The acquisition is earnings per share accretive from start.

Johan Molin, President and CEO of ASSA ABLOY, said, "..With the addition of Traka we will add advanced locking technologies and solutions to our strategic global product portfolio."

"Traka's leading technologies and solutions will provide us with access to new markets in the UK where we are not active today and will enhance our offering in other regions...," said Tzachi Wiesenfeld, Executive Vice President of ASSA ABLOY and Head of the EMEA Division.

The deal was closed simultaneously with signing on April 6, 2012.

Click here to receive FREE breaking news email alerts for ASSA ABLOY and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.