Assa Abloy acquires Pedestal PRO in US
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
0mins
Source: SeekingAlpha
Acquisition Details: Assa Abloy has acquired Pedestal PRO, a US manufacturer specializing in access control solutions, which is expected to positively impact earnings per share from the outset.
Company Background: Founded in 2002 and based in Lindon, Utah, Pedestal PRO has around 50 employees and projected sales of approximately $11 million for 2024.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
