Flexible Electronics News

Organic Growth in All Divisions for ASSA ABLOY

Strong growth was shown by Global Technologies and good growth by EMEA, Americas, Entrance Systems and Asia Pacific.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

During the third quarter of 2017, ASSA ABLOY’s net sales increased by 3% to SEK 18,499 million ($2.266 billion), with organic growth of 3% and acquired growth of 2%.   Strong growth was shown by Global Technologies and good growth by EMEA, Americas, Entrance Systems and Asia Pacific, despite weak results in China.   Contracts have been signed for the acquisition of five companies with expected combined annual sales of about SEK 1,200 million ($145 million). Global Technologies’ project...

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