Assa Abloy Buys Vigil Health Solutions in Canada
18 January 2022 - 12:22AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Assa Abloy AB said Monday that it has agreed to
acquire Vigil Health Solutions Inc., a Canadian provider of call
systems and resident monitoring solutions for senior living
communities.
Vigil sales for 2020 amounted to about C$6 million ($4.8
million) and the acquisition will be accretive to EPS from the
start, Assa Abloy said.
Vigil was established in 1998 and has some 30 employees. It is
headquartered in Victoria, Canada and listed on the TSX Venture
Exchange.
The Swedish lock maker said the acquisition is expected to close
during the first quarter of 2022.
Financial terms weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 17, 2022 08:07 ET (13:07 GMT)
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