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Assa Abloy Buys US Security Hardware Manufacturer Pacific Lock

MT Newswires·09/16/2026 02:39:56
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02:39 AM EDT, 09/16/2026 (MT Newswires) -- Assa Abloy (ASSA-B.ST) said Wednesday it acquired US padlock and security hardware manufacturer Pacific Lock Co. The Swedish access systems company will integrate Pacific Lock into the residential business segment of its Americas division. It expects the transaction to be accretive to its EPS from completion.