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Net sales increased by 16% to $2,261.53 million, with organic growth of 5% and acquired net growth of 3%.
April 26, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported its first quarter 2019 results. Net sales increased by 16% to SEK 21,505 million ($2,261.53 million), with organic growth of 5% and acquired net growth of 3%. The company reported strong growth in Americas, Global Technologies and Asia Pacific, and good growth in Entrance Systems and EMEA. ASSA ABLOY signed an agreement to acquire a 54% holding in agta record, a Swiss manufacturer of automatic pedestrian doors with sales of SEK 3.9 billion ($410 million) in 2018. Closing is...
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