Sweden-based ASSA ABLOY AB (ASS.L) engaged in the business of access solutions on Thursday announced the acquisition of Pedestal PRO, a U.S. maker of access control pedestals, bollards, and innovative mounting solutions.
Financial details of the transaction have not been disclosed.
Pedestal's sales for 2024 amounted to about $11 million, with a good EBIT margin.
The acquisition is expected to add to ASSA ABLOY's earnings as soon as the deal is concluded.
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