Flexible Electronics News

ASSA ABLOY Has Strong Finish to 2014

Sales increased by 20% in the quarter, with 3% organic growth, and totaled SEK 15,847 million ($1.9 billion)

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY had a strong finish to 2014, with fourth quarter sales increasing 20% in the quarter, with 3% organic growth, totaling SEK 15,847 million ($1.9 billion).     The company reported strong growth in the Americas, Global Technologies and Entrance Systems, as well as stable development in EMEA and negative growth in Asia Pacific.   Ten acquisitions were made during the quarter, including Digi Electronic Lock (China) and Silvana (Brazil), with expected annual sales totaling SEK 1,400 m...

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