Assa Abloy AB, the Swedish security solutions giant, announced on Friday its acquisition of InVue, a company based in Charlotte, North Carolina. Details regarding the financial terms of the transaction have not been disclosed.
This move is anticipated to immediately enhance Assa Abloy's earnings per share. The company has also reported that its 2024 sales reached approximately $165 million, boasting a robust earnings before interest and taxes (EBIT) margin.
Stephanie Ordan, Executive Vice President and Head of the Global Technologies business unit, Global Solutions, commented, "This acquisition will broaden our core capabilities in access control and asset protection on a global scale."
InVue specializes in precision-engineered connected solutions for asset protection and access control, offering tailored security solutions for a range of industries and retailers.
On the prior trading day, Assa Abloy saw a slight decrease of 0.12%, closing at SEK 336.50 on the Stockholm Stock Exchange.
