ASSA ABLOY to buy Brazil's Rometal to expand in emerging markets
Swedish ASSA ABLOY has agreed to acquire Brazilian aluminum solutions maker Rometal. The company says the deal will lift earnings per share from the start.
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what happened
Swedish ASSA ABLOY has agreed to buy Rometal, a Brazil-based maker of aluminum solutions and accessories, according to RTTNews reporting carried by dpa-AFX. The company says the deal will be accretive to earnings per share from the start.
Rometal's sales for 2025 came to about 332 million Brazilian reais, roughly 580 million Swedish kronor, with a strong EBIT margin. After completion, the business will join the Latin American segment within ASSA ABLOY's Americas Division. Closing is expected in the fourth quarter of 2026, subject to regulatory approval. Reuters also reported the deal in its filing.
why it matters
For markets this is a small deal, but it shows ASSA ABLOY adding complementary products to strengthen its position in Latin America. On the day of the announcement the shares rose 0.71% to SEK 395.30.
tags
instruments
sources
- Assa Abloy Acquires Rometal In Brazil — Reuters, 12 November 2026 at 07:04 UTC
- ASSA ABLOY To Acquire Brazil's Rometal — TradingView, 12 November 2026 at 09:22 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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