ASSA ABLOY Acquires B&B Roadway & Security Solutions
ASSA ABLOY has acquired B&B Roadway and Security Solutions, a manufacturer of roadway safety, traffic control and perimeter security solutions in the U.S.
“I am very pleased to welcome B&B Roadway and Security Solutions into the ASSA ABLOY Group,” said Nico Delvaux, president and CEO of ASSA ABLOY. “I welcome this complementary business, specializing in innovative perimeter security.”
B&B Roadway and Security Solutions was established in 1925 and has some 60 employees. The main office is located in McKinney, Texas.
“B&B Roadway and Security Solutions with its strong market position will further strengthen our geographic coverage in the U.S.” said Massimo Grassi, executive vice president of ASSA ABLOY and head of entrance systems division. “I welcome the team to ASSA ABLOY and I am convinced that we together will continue our successful journey.”
Sales for 2020 amounted to about $14 million with a good EBIT margin. The acquisition will be accretive to EPS from the start.
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