Flexible Electronics News

ASSA ABLOY Acquires L-Door in Belgium

Reinforces ASSA ABLOY Group´s leadership in entrance automation

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By: DAVID SAVASTANO

Editor, Ink World Magazine

 ASSA ABLOY has signed an agreement to acquire the Belgian company L-Door, one of the market leaders in sectional doors.   “I welcome this addition that further reinforces the ASSA ABLOY Group´s leadership in entrance automation, growing from SEK 3 billion in 2008 to more than SEK 15 billion ($1.816 billion) proforma in 2014,” said Johan Molin, president and CEO of ASSA ABLOY.   “L-Door is another important step to increase our strong market position in the sectional door industry. Besides a...

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