ASSA ABLOY acquires CEDES in Switzerland
ASSA ABLOY has signed an agreement to acquire the Swiss company CEDES, a leading company in sensor technology to the door and elevator industry. "It is with satisfaction that I welcome CEDES into the ASSA ABLOY Group. CEDES represents an important step in the strategy of adding more intelligence within entrance automation. Our entrance automation business has grown from SEK 3 billion in 2008 to more than SEK 18 billion proforma in 2015”, says Johan Molin, President and CEO of ASSA ABLOY. "CEDES competence, experience and product offering in the sensor field is a strong addition to our