ASSA ABLOY has acquired Atlantic Door Control, a pedestrian door distributor in Maryland and Virginia.
ASSA ABLOY has acquired Atlantic Door Control, a pedestrian door distributor in Maryland and Virginia.
"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”, said 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,” said 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.