When it comes to door locks, the Swiss can learn from the Swedes
The Swedish industrial group Assa Abloy is significantly larger and more profitable than its Zurich competitor Dormakaba. Its superior market position is also reflected in the share price.
Assa Abloy, a Swedish industrial company, has outperformed its Zurich-based competitor, Dormakaba, in the locking technology sector. Over the past five years, Assa Abloy's shares rose by 29%, while Dormakaba's shares lost 14% of their value and those of Irish competitor Allegion increased by only 5%. Assa Abloy, with a revenue of nearly $16 billion, has grown strongly through acquisitions, buying eight competitors in the first half of this year, and has a list of over 900 potential takeover targets.
Dormakaba's CEO, Till Reuter, stated that the company is ready to make further acquisitions, citing a low net debt of 358 million francs, and aims to increase its market presence in the US.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
