Wärtsilä

ASSA ABLOY: Quarterly Report Q2 2020

Retrieved on: 
Friday, July 17, 2020
Assa Abloy, Wärtsilä, Product certification, Assa, Yachting, Assa, Organic food, Economy of Sweden, Boating

All five divisions reported significant declines in organic growth due to COVID-19.

Key Points: 
  • All five divisions reported significant declines in organic growth due to COVID-19.
  • Entrance Systems, reporting organic growth of -8%, was the division least impacted
    To meet a regulatory precondition by the EU Commission for ASSA ABLOY to acquire agta record, agreements for the sale of certain agta record and ASSA ABLOY businesses were signed in June

ASSA ABLOY Acquires FocusCura in The Netherlands

Retrieved on: 
Friday, July 3, 2020
Assa Abloy, Wärtsilä, Economy of Sweden, Assa, Assa, Yachting, Asa people, Boating

STOCKHOLM, July 3, 2020 /PRNewswire/ -- ASSA ABLOY has signed an agreement to acquire FocusCura, a leading provider of technology solutions for senior care in the Dutch market.

Key Points: 
  • STOCKHOLM, July 3, 2020 /PRNewswire/ -- ASSA ABLOY has signed an agreement to acquire FocusCura, a leading provider of technology solutions for senior care in the Dutch market.
  • "I am very pleased to welcome FocusCura and their employees into the ASSA ABLOY Group.
  • FocusCura is a strategic technological addition to the ASSA ABLOY Group.
  • The company will reinforce our current offering within Senior Care and will provide complementary growth opportunities," says Nico Delvaux, President and CEO of ASSA ABLOY.

ASSA ABLOY Acquires FocusCura in The Netherlands

Retrieved on: 
Friday, July 3, 2020
Assa Abloy, Wärtsilä, Assa, Assa, Yachting, Asa people, Economy of Sweden, Boating

STOCKHOLM, July 3, 2020 /PRNewswire/ -- ASSA ABLOY has signed an agreement to acquire FocusCura, a leading provider of technology solutions for senior care in the Dutch market.

Key Points: 
  • STOCKHOLM, July 3, 2020 /PRNewswire/ -- ASSA ABLOY has signed an agreement to acquire FocusCura, a leading provider of technology solutions for senior care in the Dutch market.
  • "I am very pleased to welcome FocusCura and their employees into the ASSA ABLOY Group.
  • FocusCura is a strategic technological addition to the ASSA ABLOY Group.
  • The company will reinforce our current offering within Senior Care and will provide complementary growth opportunities," says Nico Delvaux, President and CEO of ASSA ABLOY.

Alfa Laval Appoints New Investor Relation Manager

Retrieved on: 
Wednesday, July 1, 2020
Economy, Finance, Money, Assa Abloy, Wärtsilä, Alfa Laval, Investor relations, Lundin, Assa, Assa, Lund, Investor

LUND, Sweden, July 1, 2020 /PRNewswire/ -- Alfa Laval announces today that Johan Lundin will take up the position as Investor Relation (IR) Manager, from August 17, 2020.

Key Points: 
  • LUND, Sweden, July 1, 2020 /PRNewswire/ -- Alfa Laval announces today that Johan Lundin will take up the position as Investor Relation (IR) Manager, from August 17, 2020.
  • Johan has a deep and wide experience from investor relations and has during the last close to ten years worked as IR Manager for Swedish companies like Axis Communications, Assa Abloy and most recently at Dometic.
  • "I am very pleased that Johan Lundin has accepted to take up the role as IR Manager.
  • His knowledge about the IR-function, as well as his experience of navigating in the financial market will be a great asset", says Jan Allde, CFO at Alfa Laval Group.

The Connectivity Ecosystem expands, offers new solutions for the modern home in an increasingly digital world

Retrieved on: 
Tuesday, June 30, 2020
Assa Abloy, Wärtsilä, Assa, Yachting, Assa, Hyatt, Connectivity, Boating, Economy of Sweden

Schneider Electric, Somfy and Danfoss welcome ASSA ABLOY, the global leader in access solutions, into the Connectivity Ecosystem for homes and hospitality industry.

Key Points: 
  • Schneider Electric, Somfy and Danfoss welcome ASSA ABLOY, the global leader in access solutions, into the Connectivity Ecosystem for homes and hospitality industry.
  • When smart building systems work together, the Connectivity Ecosystem offers minimized touchpoints, improved air quality and renewal, and energy saving mechanisms.
  • Global hotel chains including Hyatt, Hilton and Marriott continue discussions with partners in the Connectivity Ecosystem to integrate tailored solutions across hotel portfolios.
  • To learn more about the Connectivity Ecosystem vision: https://youtu.be/GrqMizFOJeI
    The ASSA ABLOY Group is the global leader in access solutions.

ASSA ABLOY Sells Certain Businesses in Relation to the Acquisition of Agta Record

Retrieved on: 
Monday, June 29, 2020
Assa Abloy, Wärtsilä, Assa, Yachting, Assa, Agta, Economy of Sweden, Boating

STOCKHOLM, June 29, 2020 /PRNewswire/ -- ASSA ABLOY has entered into binding agreements with Italy based FAAC Group for the sale of certain agta record and ASSA ABLOY businesses, as part of the commitments to address the competition concerns of the EU Commission in connection with the acquisition of the Swiss company agta record (the "Divestiture").

Key Points: 
  • STOCKHOLM, June 29, 2020 /PRNewswire/ -- ASSA ABLOY has entered into binding agreements with Italy based FAAC Group for the sale of certain agta record and ASSA ABLOY businesses, as part of the commitments to address the competition concerns of the EU Commission in connection with the acquisition of the Swiss company agta record (the "Divestiture").
  • The divested business includes the agta record operations in the Netherlands, Austria, Hungary and Slovenia, as well as the ASSA ABLOY automatic pedestrian door business in France and the UK.
  • The acquisition of agta record is expected to be closed during July 2020 after all remaining closing conditions and the EU Commission requirements have been fulfilled.
  • Additional information, particularly with regard to the closing of the acquisition of agta record and to the subsequent tender offer by ASSA ABLOY on the remaining agta record shares, will be communicated as soon as possible.

ASSA ABLOY Sells Certain Businesses in Relation to the Acquisition of Agta Record

Retrieved on: 
Monday, June 29, 2020
Assa Abloy, Wärtsilä, Assa, Yachting, Assa, Agta, Economy of Sweden, Boating

STOCKHOLM, June 29, 2020 /PRNewswire/ -- ASSA ABLOY has entered into binding agreements with Italy based FAAC Group for the sale of certain agta record and ASSA ABLOY businesses, as part of the commitments to address the competition concerns of the EU Commission in connection with the acquisition of the Swiss company agta record (the "Divestiture").

Key Points: 
  • STOCKHOLM, June 29, 2020 /PRNewswire/ -- ASSA ABLOY has entered into binding agreements with Italy based FAAC Group for the sale of certain agta record and ASSA ABLOY businesses, as part of the commitments to address the competition concerns of the EU Commission in connection with the acquisition of the Swiss company agta record (the "Divestiture").
  • The divested business includes the agta record operations in the Netherlands, Austria, Hungary and Slovenia, as well as the ASSA ABLOY automatic pedestrian door business in France and the UK.
  • The acquisition of agta record is expected to be closed during July 2020 after all remaining closing conditions and the EU Commission requirements have been fulfilled.
  • Additional information, particularly with regard to the closing of the acquisition of agta record and to the subsequent tender offer by ASSA ABLOY on the remaining agta record shares, will be communicated as soon as possible.

Yale 7000 Series Exit Devices Now Includes Motorized Electric Latch Retraction to Enable Remote Lock and Unlock

Retrieved on: 
Friday, May 29, 2020
Digital technology, Assa Abloy, Wärtsilä, Yale, Assa, Car door, Assa, Flip-flop, Technology, Information and communications technology

BERLIN, Conn., May 29, 2020 /PRNewswire-PRWeb/ --Yale Commercial Solutions, an ASSA ABLOY Group brand, announces the addition of Motorized Electric Latch Retraction (MELR) to its 7000 Series exit devices.

Key Points: 
  • BERLIN, Conn., May 29, 2020 /PRNewswire-PRWeb/ --Yale Commercial Solutions, an ASSA ABLOY Group brand, announces the addition of Motorized Electric Latch Retraction (MELR) to its 7000 Series exit devices.
  • MELR allows the exit device's latchbolt to be retracted electrically for momentary or maintained periods of time from a remote location to facilitate push-pull operation of doors.
  • The latch retraction mechanism may be activated by an access control system, remote control device or building automation system and interfaces with central or local fire alarm systems and automatic door operators.
  • Yale 7000 Series Exit Devices deliver an unparalleled combination of durability, innovation and aesthetics to overcome the challenges of commercial, retail, hospitality and mixed-use properties.

Resolutions at the Annual General Meeting 2020

Retrieved on: 
Wednesday, April 29, 2020
Shareholders, Geography of Sweden, Geography of Europe, Municipalities of Sweden, Assa Abloy, Wärtsilä, Annual general meeting, Stockholm, Dividend, Sweden

STOCKHOLM, Sweden, April 29, 2020 /PRNewswire/ -- The Annual General Meeting of ASSA ABLOY AB was held on Wednesday 29 April 2020 in Stockholm, Sweden.

Key Points: 
  • STOCKHOLM, Sweden, April 29, 2020 /PRNewswire/ -- The Annual General Meeting of ASSA ABLOY AB was held on Wednesday 29 April 2020 in Stockholm, Sweden.
  • The Annual General Meeting approved the dividend of SEK 2.00 per share proposed by the Board of Directors.
  • The Annual General Meeting elected the registered audit firm Ernst & Young AB as new auditor for the time period until the end of the Annual General Meeting 2021.
  • The Annual General Meeting resolved, in accordance with the Board of Directors' previously published proposal, to authorize the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the Annual General Meeting 2021.

Resolutions at the Annual General Meeting 2020

Retrieved on: 
Wednesday, April 29, 2020
Shareholders, Geography of Sweden, Geography of Europe, Municipalities of Sweden, Assa Abloy, Wärtsilä, Annual general meeting, Stockholm, Dividend, Sweden

STOCKHOLM, Sweden, April 29, 2020 /PRNewswire/ -- The Annual General Meeting of ASSA ABLOY AB was held on Wednesday 29 April 2020 in Stockholm, Sweden.

Key Points: 
  • STOCKHOLM, Sweden, April 29, 2020 /PRNewswire/ -- The Annual General Meeting of ASSA ABLOY AB was held on Wednesday 29 April 2020 in Stockholm, Sweden.
  • The Annual General Meeting approved the dividend of SEK 2.00 per share proposed by the Board of Directors.
  • The Annual General Meeting elected the registered audit firm Ernst & Young AB as new auditor for the time period until the end of the Annual General Meeting 2021.
  • The Annual General Meeting resolved, in accordance with the Board of Directors' previously published proposal, to authorize the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the Annual General Meeting 2021.