ASSA ABLOY sells elevator maintenance business PACA ascenseur in France to KONE [Seeking Alpha]
KONE OYJ B UNSP/ADR (KNYJY)
NASDAQ:AMEX Investor Relations:
kone.com/en/investors/kone-share
Company Research
Source: Seeking Alpha
PACA was part of the acquisition of agta record in 2020. In FY 2022, PACA's sales amounted to about €30M. KONE Oyj ( OTCPK:KNYJY ) has completed the acquisition of PACA ascenseurs Services SARL form agta record ag on February 2, 2024. The development will have a positive effect on ASSA ABLOY's operating margin moving ahead. The capital result is likely to be insignificant. Recommended For You
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