ASSA ABLOY Group’s Post

🚨Breaking : ASSA ABLOY Group has signed an agreement to acquire SKIDATA an international leading provider of parking (what they call “access management”) solutions. This highlights two things I’ve talked a lot about with Access Control Executive Brief Members: 1️⃣ The shift to vertical solutions and going deep vs horizontal solutions and focused just on high security 2️⃣ M&A as a great strategy. It’s timely too given the Brief 64 going out today written by Tony Dong, MSc, CETF® More on the acquisition: SKIDATA was founded in 1977 and is part of the Public Access division of Swiss listed Kudelski Group (SWX:KUD) and has some 1,280 employees. SKIDATA is headquartered in Salzburg, Austria and will be part of the Business Segment Pedestrian within the Entrance Systems Division. Sales for 2023 amounted to about MEUR 305 (approx. MSEK 3,500). The acquisition will initially have a small dilutive effect to EPS. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2024. #accesscontrol #security #securityindustry #globalcommunity

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Great to be at this #RFEvent today. To hear the different ideas, challenges and focuses of a broader market beyond my usual freight is truly fascinating. Also, great to see and hear the duo of Marc Hurn of VTG and our own Richard Bew talking through the iWagon wagon which our Sentinal product is a crucial part of. Couple of shots from today. #railfreight #digitalfreight

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Today marks the start of a whole new chapter for VISTRA. 9,000+ colleagues providing essential business support in over 50 markets are now united by a single, vibrant global brand. Find out more: https://hubs.li/Q02qCL0K0 #vistra #progresswithoutfriction #borderlessbusiness

Today marks the start of a whole new chapter for VISTRA. 9,000+ colleagues providing essential business support in over 50 markets are now united by a single, vibrant global brand. Find out more: https://hubs.li/Q02qCL0K0 #vistra #progresswithoutfriction #borderlessbusiness

Ready to shift procurement into high gear? 🚀 Check out our latest video and discover how Arkestro can turbocharge your processes like a Ferrari at the Daytona 500. 💼 🏁 Traditional methods are dependable, but it's time to race ahead of the competition. Watch now and see what Predictive Procurement Orchestration can do for you. 🏎️💨 #Arkestro #PredictiveProcurement #BusinessAcceleration

Today marks a significant moment in our journey as we unveil our new reimagined brand VISTRA This hasn’t just been about introducing a new look and feel, but instead, this marks the start of a new company. A coming together of two organisations to create a category of 1. Bringing our clients and future clients the best service the market has to offer, wherever in the world they need it. Our new team of 9,000+ professionals give us greater reach, deeper capabilities and better infrastructure, so if you’re looking to invest in or set-up a fund, or you’re looking to run or grow your business, come to the market leader and experience it for yourself 💙

Today marks the start of a whole new chapter for VISTRA. 9,000+ colleagues providing essential business support in over 50 markets are now united by a single, vibrant global brand. Find out more: https://hubs.li/Q02qCL0K0 #vistra #progresswithoutfriction #borderlessbusiness

Less friction, More flow. Get in touch today - and let’s get things moving. #vistra #progresswithoutfriction #borderlessbusiness #vistraflow