ASSA ABLOY acquires Helton

ASSA ABLOY has acquired the Canadian company Helton, a manufacturer of hardware for sectional doors for residential and industrial customers. The Helton group operates in the Canadian and US markets.

"I am very pleased to announce that our growth in the entrance automation segment continues. This is a first strategic entry to the North American market within sectional doors," says Johan Molin, President and CEO of ASSA ABLOY.

"Following the important addition of FlexiForce last year, this is a good step to enhance our position as the global leader in sectional door hardware and gives us a presence in North America. Helton also brings an experienced management team and a wide presence in the Canadian and US markets," says Juan Vargues, Executive Vice President of ASSA ABLOY and Head of Division Entrance Systems.

The Helton group has 235 employees. The company is based in Abbotsford in Western Canada.

Sales is expected to reach CAD 54 M (approx SEK 370 M) in 2012 with a good EBIT margin. The acquisition is accretive to EPS from start.

The deal was closed simultaneously with signing on May 10, 2012.

For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Carolina Dybeck Happe, CFO and Executive Vice President, tel no: +46 8 506 485 72

About Us

ASSA ABLOY is the global leader in door opening solutions and offers mecahnical and electromechanical locks, digital door locks, security doors, entrance automation, hotel security and secure identity solutions, primarily in identity and access management, as well as a number of other related products and services. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international Group with some 47,500 employees operating in more than 70 countries and sales of SEK 76 billion.

Subscribe

Documents & Links