ASSA ABLOY has recently acquired Atlantic Door Control, a pedestrian door distributor in the U.S., and Arjo Systems SAS, a leading provider of physical and digital identity solutions in France for secure government ID applications
Atlantic Door Control in the U.S.
“I am very pleased that Atlantic Door Control is joining the ASSA ABLOY Group. I welcome this addition that further reinforces ASSA ABLOY’s leadership in entrance automation, where our sales have grown from SEK 3 billion in 2008 to SEK 20 billion in 2016,” says Johan Molin, President and CEO of ASSA ABLOY.
“We hereby continue our expansion in North America, adding to our growing market footprint. Atlantic Door Control gives us a strong presence in an important area of the market and I welcome the team to ASSA ABLOY,” says Juan Vargues, Executive Vice President of ASSA ABLOY and Head of Division Entrance Systems.
Atlantic Door Control was established in 1992 and the company is headquartered in Columbia, Maryland.
Sales for 2017 are expected to reach USD 12 million (approx. SEK 110 million) with a good EBIT margin. The acquisition will be accretive to EPS from start.
Arjo Systems in France
“Arjo is an exciting technological addition to the ASSA ABLOY Group. The company reinforces our current offering within secure identity solutions. The acquisition of Arjo considerably enhances the Group´s position within government ID and will provide complementary growth opportunities,” says Johan Molin, President and CEO of ASSA ABLOY.
“Our acquisition of Arjo significantly advances our Government ID business, broadening our geographical reach and giving us critical mass,” says Stefan Widing, Executive Vice President ASSA ABLOY and Head of business unit HID Global, “Arjo is a strong fit for HID Global, complementing our existing government ID offerings with an expanded range of capabilities for government agencies, state printers and local integrators.”
Arjo was founded in 2011 and has some 100 employees with operations in France, Italy and Hong Kong.
Sales for 2017 are expected to reach EUR 56 million (approx. SEK 550 million) with a good EBIT margin. The acquisition will be accretive to EPS from start.
