Assa Abloy Buys Brazilian Industrial Door Manufacturer
Provided by
Dow Jones
By Dominic Chopping
STOCKHOLM--Assa Abloy said Tuesday it has acquired Inovadoor Portas Industriais, a Brazilian industrial door manufacturer.
Inovadoor was founded in 1997 and has around 100 employees. Sales amounted to about 52 million Brazilian reais ($10.3 million) in 2022 and the acquisition will be accretive to earnings per share from the start, it said.
Financial terms weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 03, 2023 02:32 ET (06:32 GMT)
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