{"id":379223,"date":"2020-11-12T02:31:23","date_gmt":"2020-11-12T07:31:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379223"},"modified":"2020-11-12T02:31:23","modified_gmt":"2020-11-12T07:31:23","slug":"assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/","title":{"rendered":"ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">&#8211; ASSA ABLOY has closed the sale of its sensor technology business CEDES in Switzerland to capiton AG.<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">STOCKHOLM<\/span>, <span class=\"xn-chron\">Nov. 12, 2020<\/span> \/PRNewswire\/ &#8212; CEDES is a leading 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, <span class=\"xn-location\">Switzerland<\/span>. Sales in 2019 amounted to about 51 MEUR. <\/p>\n<p>The transaction will have a neutral effect on ASSA ABLOY&#8217;s operating margin.<\/p>\n<p>The divestiture will be de-consolidated from ASSA ABLOY as of <span class=\"xn-chron\">November 2020<\/span>.<br \/>\u00a0<\/p>\n<p>\n        <b>For more information, please contact:<\/b><br \/>\n        <br \/>\n        <span class=\"xn-person\">Nico Delvaux<\/span>, President and CEO<br \/>tel.\u00a0no:\u00a0+46\u00a08\u00a0506\u00a0485\u00a082<br \/>Erik Pieder, CFO and Executive Vice President<br \/>tel. no: +46 8 506 485 72\u00a0<br \/>Bj\u00f6rn Tibell, Head of Investor Relation<br \/>tel.\u00a0no:\u00a0+46 70\u00a0275 67 68<br \/>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\n        <b>About ASSA ABLOY<\/b><br \/>\n        <br \/>\n        <i>The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 49,000 employees and sales of <span class=\"xn-money\">SEK 94 billion<\/span>. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY&#8217;s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. <\/i>\n      <\/p>\n<p>\u00a0<\/p>\n<p>This information was brought to you by Cision <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979748-1&amp;h=729183296&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" rel=\"nofollow noopener noreferrer\">http:\/\/news.cision.com<\/a><\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979748-1&amp;h=933077406&amp;u=https%3A%2F%2Fnews.cision.com%2Fassa-abloy%2Fr%2Fassa-abloy-s-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed%2Cc3235550&amp;a=https%3A%2F%2Fnews.cision.com%2Fassa-abloy%2Fr%2Fassa-abloy-s-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed%2Cc3235550\" rel=\"nofollow noopener noreferrer\">https:\/\/news.cision.com\/assa-abloy\/r\/assa-abloy-s-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed,c3235550<\/a>\n      <\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt1 prnsbr1 prnsbb1 prnsbl1\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979748-1&amp;h=2783354097&amp;u=https%3A%2F%2Fmb.cision.com%2FMain%2F7333%2F3235550%2F1333902.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FMain%2F7333%2F3235550%2F1333902.pdf\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">https:\/\/mb.cision.com\/Main\/7333\/3235550\/1333902.pdf<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Press release (PDF)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO89648&amp;sd=2020-11-12\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed-301171624.html\">http:\/\/www.prnewswire.com\/news-releases\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed-301171624.html<\/a><\/p>\n<p>SOURCE  ASSA ABLOY<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=IO89648&amp;Transmission_Id=202011120227PR_NEWS_USPR_____IO89648&amp;DateId=20201112\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; ASSA ABLOY has closed the sale of its sensor technology business CEDES in Switzerland to capiton AG. PR Newswire STOCKHOLM, Nov. 12, 2020 \/PRNewswire\/ &#8212; CEDES is a leading 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. The transaction will have a neutral effect on ASSA ABLOY&#8217;s operating margin. The divestiture will be de-consolidated from ASSA ABLOY as of November 2020.\u00a0 For more information, please contact: Nico Delvaux, President and CEOtel.\u00a0no:\u00a0+46\u00a08\u00a0506\u00a0485\u00a082Erik Pieder, CFO and Executive Vice Presidenttel. no: +46 8 506 485 72\u00a0Bj\u00f6rn Tibell, Head of Investor Relationtel.\u00a0no:\u00a0+46 70\u00a0275 67 68\u00a0 \u00a0 About &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-379223","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"&#8211; ASSA ABLOY has closed the sale of its sensor technology business CEDES in Switzerland to capiton AG. PR Newswire STOCKHOLM, Nov. 12, 2020 \/PRNewswire\/ &#8212; CEDES is a leading 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. The transaction will have a neutral effect on ASSA ABLOY&#8217;s operating margin. The divestiture will be de-consolidated from ASSA ABLOY as of November 2020.\u00a0 For more information, please contact: Nico Delvaux, President and CEOtel.\u00a0no:\u00a0+46\u00a08\u00a0506\u00a0485\u00a082Erik Pieder, CFO and Executive Vice Presidenttel. no: +46 8 506 485 72\u00a0Bj\u00f6rn Tibell, Head of Investor Relationtel.\u00a0no:\u00a0+46 70\u00a0275 67 68\u00a0 \u00a0 About &hellip; Continue reading &quot;ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T07:31:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO89648&amp;sd=2020-11-12\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed\",\"datePublished\":\"2020-11-12T07:31:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\\\/\"},\"wordCount\":237,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=IO89648&amp;sd=2020-11-12\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\\\/\",\"name\":\"ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed - 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PR Newswire STOCKHOLM, Nov. 12, 2020 \/PRNewswire\/ &#8212; CEDES is a leading 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. The transaction will have a neutral effect on ASSA ABLOY&#8217;s operating margin. The divestiture will be de-consolidated from ASSA ABLOY as of November 2020.\u00a0 For more information, please contact: Nico Delvaux, President and CEOtel.\u00a0no:\u00a0+46\u00a08\u00a0506\u00a0485\u00a082Erik Pieder, CFO and Executive Vice Presidenttel. no: +46 8 506 485 72\u00a0Bj\u00f6rn Tibell, Head of Investor Relationtel.\u00a0no:\u00a0+46 70\u00a0275 67 68\u00a0 \u00a0 About &hellip; Continue reading \"ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-12T07:31:23+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO89648&amp;sd=2020-11-12","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed","datePublished":"2020-11-12T07:31:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/"},"wordCount":237,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO89648&amp;sd=2020-11-12","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloys-divestiture-of-cedes-in-switzerland-to-capiton-ag-completed\/","name":"ASSA ABLOY\u00b4s divestiture of CEDES in Switzerland to capiton AG completed - 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