By Dominic ChoppingSTOCKHOLM--Assa Abloy said Thursday it has acquired Ghost Controls, a U.S. supplier of automated residential gate openers. Ghost Controls was founded in 2015 and has around 40 employees. Sales for 2022 amounted to around $30 million and the acquisition will be accretive to EPS from the start, Assa Abloy said. Financial terms weren't disclosed. Write to Dominic Chopping at dominic.chopping@wsj.com(END) Dow Jones Newswires12-07-23 0241ET

Source: Wall Street Journal December 07, 2023 07:45 UTC