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Reinforces ASSA ABLOY Group´s leadership in entrance automation
May 7, 2015
By: DAVID SAVASTANO
ASSA ABLOY has signed an agreement to acquire the Belgian company L-Door, one of the market leaders in sectional doors. “I welcome this addition that further reinforces the ASSA ABLOY Group´s leadership in entrance automation, growing from SEK 3 billion in 2008 to more than SEK 15 billion ($1.816 billion) proforma in 2014,” said Johan Molin, president and CEO of ASSA ABLOY. “L-Door is another important step to increase our strong market position in the sectional door industry. Besides a strong brand and innovative products L-door has a strong service organization offering an excellent market coverage in Belgium,” added Juan Vargues, EVP of ASSA ABLOY and head of Division Entrance Systems. L-Door was established in 1997 and has approximately 120 employees. The head office and factory is located in Liedekerke, Belgium. Sales for 2015 are expected to reach €19 million (approximately SEK 175 million) with a good EBIT margin. The transaction is expected to close during Q2 2015.
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