Assa Abloy CEO says it may make further Chinese buys; in talks with possible targets
Assa Abloy, the listed Swedish lock manufacturer, is hoping to acquire further in China, according to Dagens Industri.
The Swedish business daily cited CEO, Johan Molin, after recent news that Assa Abloy is to acquire Chinese Jiawei. Molin was asked whether China’s lower underlying growth facilitates buys to which he responded that it seems that way and pointed out that Jiawei is the company’s third Chinese acquisition this year. He added that the company is already in talks with several other possible targets and it is likely that further Chinese deals will occur.
Source Dagens Industri