ASSA ABLOY announced it has acquired D&D Technologies, an Australia-based designer and manufacturer of gate hardware.
“I am very pleased to welcome D&D Technologies into the ASSA ABLOY Group. The company will reinforce our current offering within gate hardware and will provide complementary growth opportunities,” says Nico Delvaux, President and CEO, ASSA ABLOY in a statement.
“D&D Technologies has strong expertise in developing premium gate hardware products and with its broad portfolio, is an excellent addition to the Pacific & North East Asia Division. I look forward to working with the experienced team to continue D&D’s successful journey,” added Simon Ellis, executive vice-president and head of Asia Pacific ASSA ABLOY Opening Solutions Pacific & North East Asia.
Sydney-based D&D Technologies was established in 1989 and has about 110 employees.
Sales for 2021 amounted to about AUS$68M (approx. CDN$59M) with a strong EBIT margin. The acquisition will be accretive to EPS from the start, according to ASSA ABLOY.
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