STOCKHOLM, SWEDEN--(Marketwire - Dec 27, 2012) - ASSA ABLOY has acquired the US company
4Front, leader in docking systems.
4Front offers a complete product range around docking systems as well as a
variety of accessories.
"4Front, with its leading brands, is yet another strategic entry to the
important North American market in entrance automation. I welcome this
that further reinforces the ASSA ABLOY Group's leadership in entrance
automation, growing from SEK 3 billion in 2008 to more than SEK 12 billion
proforma in 2012", commented Johan Molin, President and CEO of ASSA ABLOY.
"The acquisition of 4Front is a great addition to our growing portfolio of
docking systems and adds also strongly to our position in the indirect
of entrance automation products. 4Front has a strong market position,
products and a very experienced organization. We look forward to develop
and other markets together with the 4Front team", commented Juan Vargues,
Executive Vice President of ASSA ABLOY and Head of Division Entrance
The company was founded in 1953 and is based in Carrollton, Texas with
operations in USA, Canada, Mexico and India. The company has 750 employees.
Sales for 2012 are expected to reach USD 165 M (SEK 1,100 M). The
will be accretive to EPS from start.
The deal was closed simultaneously with signing on December 24, 2012.
Press release PDF:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ASSA ABLOY via Thomson Reuters ONE