13 Nov 2009
ASSA ABLOY has acquired Portsystem 2000, one of Sweden's leading manufacturers of industrial doors
ASSA ABLOY has acquired
Portsystem 2000, specialized in end-user applications of industrial
doors and docking systems. The company is headquartered in Habo
close to Jönköping, Sweden.
Portsystem 2000 was founded in 1987 and has
regional offices in Habo, Stockholm, Gothenburg and Malmö.
With its 80 employees the company is expected to reach a turnover
of about SEK 125 M in 2009.
"With this acquisition we continue the very
positive expansion phase in our Entrance Systems Division both in
terms of sales channels, products and services" says Johan Molin,
President and CEO of ASSA ABLOY.
"Portsystem 2000 offers an attractive fit with
the Besam model of serving large logistics and retail companies
with customization and service of entrance automation applications
such as automatic doors, industrial doors and docking stations"
says Juan Vargues, Executive Vice President of ASSA ABLOY and Head
of Division Entrance Systems.
The acquisition will be EPS accretive from
start.
For more information,
please contact:
Johan Molin, President and CEO, tel no: +46 8
506 485 42
Tomas Eliasson, CFO and Executive Vice
President, tel no: +46 8 506 485 72
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