ASSA ABLOY's Strategic Acquisition of Calmell in Spain Unveiled
ASSA ABLOY's Strategic Acquisition of Calmell in Spain Unveiled
ASSA ABLOY has announced its acquisition of Calmell, a prominent Spanish manufacturer known for its smart cards and ticketing solutions, marking a significant step in enhancing its offerings. This exciting addition aligns perfectly with ASSA ABLOY's strategic goals in the identification technologies sector.
Innovative Offerings Enhanced
Nico Delvaux, President and CEO of ASSA ABLOY, expressed enthusiasm about the acquisition, citing it as an important technological enhancement that complements their current portfolio in smart card solutions. He noted the potential for growth and innovation in this sector, which has seen a surge in demand for advanced ticketing and credentialing systems.
A Commitment to Public Transportation Solutions
Björn Lidefelt, EVP and Head of HID, also highlighted the significance of Calmell's offerings. The integration of Calmell's smart paper tickets and magnetic ticketing systems into ASSA ABLOY’s existing public transportation ecosystem is expected to play a pivotal role in improving user experiences and operational efficiencies.
Company Overview and Heritage
Founded in 1920, Calmell has established itself as a leader in ticketing solutions with a dedicated workforce of around 100 employees. The acquisition will see Calmell become a part of HID’s business area focused on identification technologies, positioning ASSA ABLOY further into the essential transportation technology landscape.
Financial Strength and Future Outlook
The sales forecast for Calmell indicates a promising trajectory, with anticipated revenues nearing MEUR 29, equivalent to approximately MSEK 330, coupled with a robust EBIT margin. This acquisition is expected to be accretive to EPS from the beginning, indicating strong financial potential for ASSA ABLOY.
Leadership and Contact Information
For more detailed insights regarding this acquisition, Nico Delvaux is available for contact at +46 8 506 485 82. Additionally, Erik Pieder, CFO and Executive Vice President, can be reached at +46 8 506 485 72, and Björn Tibell, Head of Investor Relations, can be contacted at +46 70 275 67 68.
About ASSA ABLOY
ASSA ABLOY stands as the global frontrunner in access solutions, dedicated to helping people feel safe and secure. With a workforce of 63,000 employees and reported sales of SEK 150 billion, ASSA ABLOY operates worldwide, boasting leading positions in efficient door openings, trusted identities, and entrance automation. Their innovations facilitate safe and convenient access to both physical and digital spaces.
Frequently Asked Questions
What does the acquisition of Calmell mean for ASSA ABLOY?
The acquisition allows ASSA ABLOY to enhance its smart card offerings and expand its reach into the public transportation sector.
Who is Calmell?
Calmell is a Spanish company known for its manufacturing of smart cards, smart paper tickets, and magnetic tickets with a rich history dating back to 1920.
How does this acquisition benefit consumers?
This acquisition is expected to improve public transportation systems by offering more efficient ticketing and identification solutions.
What is the expected financial impact of the acquisition?
The acquisition is projected to be accretive to EPS from the start and Calmell’s sales for 2024 are anticipated to be about MEUR 29.
Where is Calmell headquartered?
Calmell is headquartered in Barcelona, Spain, and operates with around 100 employees.
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