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This is a strategic acquisition for Entrance Systems and I welcome the CEDES team to ASSA ABLOY, says Juan Vargues, Executive Vice President of ASSA ABLOY and Head of Division Entrance Systems.
22 December 2015 - Sweden-based door opening solutions specialist Assa Abloy (STO: ASSAB) has signed an agreement to acquire the Swiss sensor technology company Cedes, the company said.
ASSA ABLOY (STO:ASSAB), a provider of door opening solutions, announced today the signing of an agreement to acquire the Swiss company CEDES, a company offering sensor technology to the door and elevator industry.
The issue centers on how a company ceding business treats premium timing differences between direct premium it receives and reinsurance premium it cedes when the reinsurance premium is paid less frequently than the direct premium.
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- ceded to one
- ceded to them
- ceded to us
- ceded to you