STOCKHOLM--(BUSINESS WIRE)--ASSA ABLOY has acquired Trojan Holdings Limited, a leading supplier of door and window hardware in the UK.
"I am very pleased to welcome Trojan into the ASSA ABLOY Group. Trojan offers a comprehensive portfolio of window and door hardware products that in a very good way complements the ASSA ABLOY offering in the UK market”, says Johan Molin, President and CEO of ASSA ABLOY.
”Trojan is an innovative, design driven business, with a strong management team and a great track record of growth and continuous product development”, says Tzachi Wiesenfeld, Executive Vice President of ASSA ABLOY and Head of the EMEA division. “Trojan’s products will reinforce the Yale offering in the strategic residential market in the UK. I am delighted to welcome the Trojan team into ASSA ABLOY”.
Trojan was established in 1993, it is headquartered in Walsall, West Midlands and has 65 employees.
Sales for 2016 are expected to reach nearly GBP 20 million (approx. SEK 220 million) and the acquisition will be accretive to EPS from the start.
About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 46,000 employees, operations in more than 70 countries and sales of SEK 68 billion. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.
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