Markets

ASSA ABLOY Acquires US-based Pedestal PRO

April 17, 2025 — 03:01 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Sweden-based ASSA ABLOY AB (ASS.L) engaged in the business of access solutions on Thursday announced the acquisition of Pedestal PRO, a U.S. maker of access control pedestals, bollards, and innovative mounting solutions.

Financial details of the transaction have not been disclosed.

Pedestal's sales for 2024 amounted to about $11 million, with a good EBIT margin.

The acquisition is expected to add to ASSA ABLOY's earnings as soon as the deal is concluded.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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