Exciting times lie ahead
We are delighted to inform you that the holding company for Lorient has been acquired to become part of ASSA ABLOY. As you are no doubt aware, ASSA ABLOY is an international group with 47,000 employees and sales of around €7.3 billion.
Maria Powell, Group Managing Director said:
“We are excited to become a part of ASSA ABLOY as they bring a wealth of technology, resource and capability to support the continued development of our ability to serve our customers. There are strong commercial synergies between Lorient and ASSA ABLOY Limited, in particular with the Door Hardware Group. Becoming part of the ASSA ABLOY Group will create opportunities for both businesses to add greater value to our customers by offering a wider innovative product range.“