ASSA ABLOY acquires B&B Roadway and Security Solutions, US
December 16, 2021 By SP&T Staff
ASSA ABLOY has acquired B&B Roadway and Security Solutions, a manufacturer of roadway safety, traffic control and perimeter security solutions in the U.S.
“I am very pleased to welcome B&B Roadway and Security Solutions into the ASSA ABLOY Group. I welcome this complementary business, specializing in innovative perimeter security,” said Nico Delvaux, President and CEO of ASSA ABLOY in a statement.
“B&B Roadway and Security Solutions with its strong market position will further strengthen our geographic coverage in the U.S. I welcome the team to ASSA ABLOY and I am convinced that we together will continue our successful journey,” said Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division in a statement.
B&B Roadway and Security Solutions was established in 1925 and has some 60 employees. The main office is located in McKinney, Texas, USA.
The company stated that sales for 2020 amounted to about MUSD 14 with a good EBIT margin. The acquisition will be accretive to EPS from the start.
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