Assa Abloy AB (ASAZF.PK), a Swedish manufacturing major, said on Thursday that it has acquired Ghost Controls, a supplier of automated residential gate openers.
Post-transaction, the acquisition will be accretive to the earnings per share of Assa Abloy.
Massimo Grassi, Executive Vice President of ASSA ABLOY, said: "Ghost Controls impressive development within the residential gate automation industry and their strong culture of innovation make them a very good complement to our core business."
For 2022, Tallahassee, Florida-based Ghost Controls had reported sales of $30 million or SEK 300 million with a strong EBIT-margin.
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