Santos, S.A. News

ASSA ABLOY expands mechanical core with Santos buy

ASSA ABLOY, the global pioneer in access solutions, has acquired Santos, a Portuguese manufacturer of mechanical locking solutions. Founded in 1948, Santos has over 140 employees. With the main office and factory located in Águeda, Portugal, sales for 2025 amounted to approximately 9.3 million euros with a good EBIT margin. The acquisition will be accretive to EPS from the start. Mechanical core business "This acquisition delivers on our strategy to strengthen our position in ma...