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Crawford is performing better than expected
September 22, 2011
By: DAVID SAVASTANO
Editor, Ink World Magazine
The divestments of Cardo Flow Solutions and Lorentzen & Wettre will soon be successfully finalized by ASSA ABLOY. The net gain on the sale is estimated to amount to SEK 430 million (USD $63 million). The acquisition and integration of Crawford (the part of Cardo which is being consolidated into ASSA ABLOY) is performing better than expected and the company shows both growth and good profitability. Identified synergies also will exceed previous estimates. The cost for implementing the effi...
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