Assa Abloy Acquires B and B Roadway and Security Solutions in the US.
MANews-(C)2009-2021
Swedish access solutions provider Assa Abloy has acquired US-based roadway safety, traffic control and perimeter security solutions manufacturer B and B Roadway and Security Solutions, the group said.
B and B Roadway and Security Solutions was established in 1925 and has some 60 employees. The main office is located in McKinney, Texas, USA.
Sales for 2020 amounted to about USD 14m (approx. SEK 120m) with a good EBIT margin. The acquisition will be accretive to EPS from the start.
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