ASSA ABLOY Acquires Lorient

<span>The holding company for Lorient has been acquired to become part of ASSA ABLOY, an international group with 47,000 employees and sales of around &euro;7.3 billion. Maria Powell, Group Managing Director said: &ldquo;We are excited to become a part of ASSA ABLOY as they bring a wealth...</span>

The holding company for Lorient has been acquired to become part of ASSA ABLOY, an international group with 47,000 employees and sales of around €7.3 billion.

Maria Powell, Group Managing Director said: “We are excited to become a part of ASSA ABLOY as they bring a wealth of technology, resource and capability to support the continued development of our ability to serve our customers. There are strong commercial synergies between Lorient and ASSA ABLOY Limited, in particular with the Door Hardware Group. Becoming part of the ASSA ABLOY Group will create opportunities for both businesses to add greater value to our customers by offering a wider innovative product range.

Contact Paul Chudley or Kristy Jones or any member of the management team with questions. 

Source: www.lorientna.com