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Assa Abloy Buys U.S. Manufacturer of Loading Dock Equipment

Provided by Dow Jones

Jan 22, 2024 7:49am

By Dominic Chopping

STOCKHOLM--Assa Abloy said Monday that it has acquired Integrated Warehouse Solutions, a U.S. manufacturer of loading dock equipment.

IWS was founded in 1975 and has around 550 employees. The company is headquartered in Burleson, Texas.

Sales for 2022 amounted to about $170 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

January 22, 2024 02:49 ET (07:49 GMT)

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