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Flexible Electronics News

ASSA ABLOY Acquires Luxer One

Luxer One's sales for 2018 are expected to reach about US$37 million.

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By: Anthony Locicero

Copy editor, New York Post

ASSA ABLOY acquired Luxer One, an advanced package locker solutions business in the U.S.
 
“Luxer One provides us with good synergistic opportunities in significant vertical markets, such as education and corporate buildings,” said Lucas Boselli, EVP of ASSA ABLOY and head of the Americas Division. “Also, Luxer One is a key player and a good platform to leverage in the click and collect retail trend (buying online and collecting the purchase in-store).”
 
Luxer One was established in 2013 and has approximately 130 employees. The head office is located in Sacramento, CA.
 
Sales for 2018 are expected to reach about US$37 million (approx. SEK 335 million) and the acquisition will be neutral to EPS from start.
 

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