Assa Abloy has acquired Spence Doors, a leading manufacturer of commercial doors in Australia, as the company says in the press release received by Lesprom Network.
“Spence Doors is an excellent addition to the Asia Pacific Division and complements our existing door opening solutions offering for our customers. The acquisition provides potential to accelerate our growth utilising their comprehensive footprint around Australia”, says Anders Maltesen, Executive Vice President of Assa Abloy and Head of Division Asia Pacific.
Spence Doors was established in 1951 and has approximately 260 employees. The main office is located in Melbourne, Australia. Sales for 2019 are expected to reach about AUD 67 million, and the acquisition will be accretive to EPS from start.
The Assa Abloy Group is the global leader in access solutions. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation.
