STOCKHOLM, Oct. 22, 2019 /PRNewswire/ -- Entrance Systems
division has since its foundation in 2006 successfully grown from
SEK 3 bn to above SEK 25 bn in annual revenue. To enable continued
and accelerated growth of the division in the ASSA ABLOY Group, a
new divisional structure will be formed around four business
segments: Pedestrian, Industrial, Residential and Perimeter
Security. Perimeter Security is currently part of the Opening
Solutions Americas division and will be transferred to the Entrance
Systems division to create new opportunities to scale up and
potentially drive a global expansion.
The business segments will be the highest responsible
operational entities reporting to the division. This will increase
the focus on the operation and enable further synergies within
respective business segments.
Recruitment of a new Head of Entrance Systems division has been
initiated and the current Head of Entrance Systems division,
Mogens Jensen, will remain in the
organization as responsible for two of the business
segments.
The changes are planned to take effect early 2020.
For more information, please contact:
Ann Holmberg, Corporate
Communications, tel. no: +46 70 328 16 45
Björn Tibell, Investor Relations, tel. no: +46
70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access
solutions. The Group operates worldwide with 48,500 employees and
sales of SEK 84 billion. The Group
has leading positions in areas such as efficient door openings,
trusted identities and entrance automation. ASSA ABLOY's
innovations enable safe, secure and convenient access to physical
and digital places. Every day, we help billions of people
experience a more open world.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/assa-abloy/r/entrance-systems-takes-the-next-step,c2938415
The following files are available for download:
https://mb.cision.com/Main/7333/2938415/1127536.pdf
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Press release
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