Press release
ASSA ABLOY strengthens its position in the electromechanical segment in France
INITIAL is specialized in electromechanical locking solutions and is ABLOY's distributor since many years. The company has sales of EUR 3.3 M and shows good growth and profitability
The company will be re-named ABLOY France and will continue to serve their customers and develop their business based on the ABLOY product program.
For further information, please contact
Carl-Henric Svanberg, President & CEO, tel: +46 8 510 05 51
or Göran Jansson, CFO, tel. +46 70 698 85 72
ASSA ABLOY AB (publ)
P.O. Box 70340, SE-107 23 Stockholm
Tel: +46 8 506 485 00, Fax: +46 8 506 485 85
Visiting address: Klarabergsviadukten 90
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The ASSA ABLOY Group is the world's leading manufacturer and supplier of locking solutions,
dedicated to satisfying end-user needs for security, safety and convenience.