Assa Abloy eyeing over 100 possible takeover targets - Dagens Industri
Assa Abloy, the listed Swedish lock and security systems giant, is in takeover talks with at least 100 possible targets, according to Dagens Industri.
The Swedish business daily cited CEO, Johan Molin, who was asked about the company's acquisitive plans. The company is in contact with at least 100 takeover candidates but pointed out that these talks can take years before a deal is made, he noted.
Molin was also asked if the company is eyeing any larger targets like its acquisition of Cardo in 2011 for SEK 11bn (EUR 1.2bn). Molin replied that there are a few mechanical and electronics companies which might be of interest and that electronics is especially attractive. He added that these companies are usually quite expensive though.
Dagens Industri