Wednesday 22 June 2022

Sweden-based access solutions group Assa Abloy has acquired Caldwell, a manufacturer of fenestration hardware for window manufacturer, the group said.

Caldwell was established in 1888 and has some 800 employees. Sales for 2021 amounted to about SEK 1,000m.

The acquisition will be accretive to EPS from the start, Assa Abloy said.

The Assa Abloy Group is a leader in access solutions. The group operates worldwide with 51,000 employees and sales of SEK 95bn.

The group has positions in areas such as efficient door openings, trusted identities and entrance automation.