M&A Deal Summary

ASSA ABLOY Acquires Cardo AB

On December 20, 2010, ASSA ABLOY acquired distribution company Cardo AB for 1.2B EUR

Acquisition Highlights
  • This is ASSA ABLOY’s 1st transaction in the Distribution sector.
  • This is ASSA ABLOY’s 2nd largest (disclosed) transaction.
  • This is ASSA ABLOY’s 5th transaction in Sweden.

M&A Deal Summary
Date 2010-12-20
Target Cardo AB
Sector Distribution
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition
Deal Value 1.2B EUR

Target

Cardo AB

Malmo, Sweden
Cardo is a supplier of industrial doors and logistics systems, wastewater treatment systems, process equipment for the pulp and paper industry and garage doors.

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Buyer(S) 1

Buyer

ASSA ABLOY

Stockholm, Sweden
Category Company
Founded 1954
Sector Manufacturing
Employees62,538
Revenue 140.7B SEK (2023)
DESCRIPTION

ASSA ABLOY is a Swedish lock manufacturer, and is the world's largest lock manufacturer by sales volume. ASSA ABLOY was founded in 1954 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 32 of 127
Sector (Distribution) 1 of 7
Type (Add-on Acquisition) 31 of 122
Country (Sweden) 5 of 6
Year (2010) 6 of 7
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-02 Swesafe AB

Vasteras, Sweden

Swesafe AB is a provider of locksmith and security services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-23 LaserCard

Mountain View, California, United States

LaserCard Corp. is a provider of secure ID solutions to governments and commercial clients around the world.

Buy -
Mergr

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