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CEDES is a leader in sensor technology for the door and elevator industry.
December 21, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY has signed an agreement to acquire the Swiss company CEDES, a leading company in sensor technology to the door and elevator industry. “CEDES represents an important step in the strategy of adding more intelligence within entrance automation. Our entrance automation business has grown from SEK 3 billion ($395 million) in 2008 to more than SEK 18 billion proforma ($2.1 billion) in 2015,” said Johan Molin, president and CEO of ASSA ABLOY. CEDES was established in 1986 and has appro...
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