Assa Abloy

October 18, 2024

ASSA ABLOY enters into an agreement to sell Citizen ID

ASSA ABLOY has signed an agreement to sell its Citizen ID business to TOPPAN. The Citizen ID business area of HID manufactures, designs, and implements physical and mobile identity solutions for government to citizen programs around the globe. Citizen ID has some 450 employees with manufacturing facilities in Ireland, Malta and the US. Sales in 2023 amounted to about SEK 1,300 M. "I find it very satisfying that with TOPPAN, Citizen ID and its employees and customers get a committed long-term owner, creating new opportunities for the future and I wish them every success,” says Nico

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Norbert Hanke appointed interim President and CEO of Hexagon AB

Hexagon
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2024
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The Board of Directors of Hexagon AB and Paolo Guglielmini have mutually agreed that Paolo will step down from his position as Hexagon’s President and CEO. The Board sees a new leadership approach as essential to steer the company through its next phase. The Board of Directors of Hexagon AB has appointed Norbert Hanke as interim President and Chief Executive Officer of Hexagon AB. Norbert Hanke assumes his position with immediate effect. Norbert joined Hexagon in 2001, most recently serving as Hexagon’s COO (Chief Operating Officer) and prior to that as Hexagon’s Manufacturing
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Securitas AB Interim Report Q3 2024 | January–September

Securitas
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July–September 2024 · Total sales MSEK 40 229 (40 047) · Organic sales growth 5 percent (8) · Real sales growth within technology and solutions 6 percent (14) · Operating income before amortization MSEK 3 006 (2 764) · Operating margin 7.5 percent (6.9) · Earnings per share, SEK 2.03 (–3.58) · Earnings per share before IAC, SEK 3.05 (2.66) · Cash flow from operating activities 115 percent (84) January–September 2024 · Total sales MSEK 120 127 (117 707) · Organic sales growth 5 percent (10) · Real sales growth within technology and solutions 7 percent (
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ASSA ABLOY acquires Lawrence Doors in the US

Assa Abloy
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2024
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ASSA ABLOY has acquired Lawrence Doors, a US manufacturer of coiling steel doors, grilles and counter shutters. "I am very pleased to welcome Lawrence Doors into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY. "With the acquisition of Lawrence Doors, we are set to enter the rapidly growing coiling steel market and establish a strong presence on the US West Coast," says Massimo Grassi, Executive Vice
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