ASSA ABLOY acquires Luxer One in the US

Date: 20 December 2018

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www.assaabloy.com

Date: 20 December 2018

ASSA ABLOY has acquired Luxer One, a leading advanced package locker solutions business in the US.

"I am very pleased to welcome Luxer One into the ASSA ABLOY Group. Luxer One constitutes a strategic addition to the Group and reinforces our position in solutions for home delivery,” says Nico Delvaux, President and CEO of ASSA ABLOY.

"Luxer One is the market leading company in the last mile delivery space in the US," says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. “Luxer One provides us with good synergistic opportunities in significant vertical markets, such as education and corporate buildings. Also, Luxer One is a key player and a good platform to leverage in the click and collect retail trend (buying online and collecting the purchase in-store).”

Luxer One was established in 2013 and has approximately 130 employees. The head office is located in Sacramento, California.

Sales for 2018 are expected to reach about USD 37 million (approx. SEK 335 million) and the acquisition will be neutral to EPS from start.

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www.assaabloy.com

2018-12-20T10:45:00

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