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    Breaking News

    ASSA ABLOY Sells CEDES in Switzerland to capiton AG

    The company is headquartered in Landquart, Switzerland. Sales in 2019 amounted to about 51 MEUR.

    ASSA ABLOY Sells CEDES in Switzerland to capiton AG
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    Printed Electronics Now staff09.08.20
    ASSA ABLOY signed an agreement to sell its sensor technology business CEDES in Switzerland to capiton AG.
     
    CEDES is a sensor technology company in the elevator and door industry. 
     
    CEDES was established in 1986 and has some 320 employees. 
     
    The company is headquartered in Landquart, Switzerland. 
     
    Sales in 2019 amounted to about 51 MEUR.
     
    "I find it very satisfying that with capiton AG, CEDES and its employees and customers gain a committed long-term investor, creating new opportunities for the future and I wish them every success,” said Nico Delvaux, president and CEO of ASSA ABLOY.
     
    "CEDES now has the investment and expertise to grow and expand its core business of elevator sensors, allowing us to focus our resources on our core business of automated doors. CEDES is a well-performing business with high-quality products, and we will continue to partner with the company as a preferred external supplier,” added Christopher Norbye, executive VP of ASSA ABLOY and Head of Entrance Systems Division.
     
    The transaction will have a neutral effect on ASSA ABLOY´s operating margin.
     
    The divestiture is subject to customary closing conditions and is expected to close during the fourth quarter of 2020.
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    Avery Dennison Combines RAIN RFID, EAS into One Retail-Optimized Inlay Avery Dennison Combines RAIN RFID, EAS into One Retail-Optimized Inlay
    ASSA ABLOY Completes Acquisition of Majority Stake in agta record ASSA ABLOY Completes Acquisition of Majority Stake in agta record
    ASSA ABLOY Acquires UK-Based Access-IS ASSA ABLOY Acquires UK-Based Access-IS
    ASSA ABLOY: Guest Safety ASSA ABLOY: Guest Safety 'In Style' at Luxury Resort
    New Application Automates Workplace Social Distancing, Contact Tracing New Application Automates Workplace Social Distancing, Contact Tracing
    Schenker Trusts in ASSA ABLOY Solution for New Terminal Schenker Trusts in ASSA ABLOY Solution for New Terminal
    ASSA ABLOY Acquires FocusCura ASSA ABLOY Acquires FocusCura
    Connectivity Ecosystem Expands, Offers New Solutions for Modern Home Connectivity Ecosystem Expands, Offers New Solutions for Modern Home
    HID, Alutel Mobility Ensure Secure Access at Remote Mining Facility HID, Alutel Mobility Ensure Secure Access at Remote Mining Facility
    EU Commission Clears ASSA ABLOY´s agta record Acquisition, Subject to Conditions EU Commission Clears ASSA ABLOY´s agta record Acquisition, Subject to Conditions
    ASSA ABLOY Acquires Biosite in the UK ASSA ABLOY Acquires Biosite in the UK
    ASSA ABLOY Reports Good Growth, Improved Operating Margin in 2Q 2019 ASSA ABLOY Reports Good Growth, Improved Operating Margin in 2Q 2019
    Brand Development Earns ASSA ABLOY Gold Award Brand Development Earns ASSA ABLOY Gold Award

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