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Assa Abloy Buys US Supplier of Automated Gate Openers

Provided by Dow Jones

Dec 7, 2023 7:41am

By Dominic Chopping

STOCKHOLM--Assa Abloy said Thursday it has acquired Ghost Controls, a U.S. supplier of automated residential gate openers.

Ghost Controls was founded in 2015 and has around 40 employees. It is headquartered in Tallahassee, Florida.

Sales for 2022 amounted to around $30 million and the acquisition will be accretive to EPS from the start, Assa Abloy said.

Financial terms weren't disclosed.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

December 07, 2023 02:41 ET (07:41 GMT)

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