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Angle Advisors announces International Door Products has been acquired by ASSA ABLOY
Globenewswire· 2025-12-04 19:31
Core Insights - International Door Products ("IDP"), a U.S. manufacturer of fire-rated steel door frames, has been acquired by ASSA ABLOY, with Angle Advisors serving as the exclusive investment banking advisor for the transaction [1][2]. Company Overview - IDP specializes in designing and manufacturing high-quality standardized and custom fire-rated steel door frames, along with related products such as sills, thresholds, and pre-hung door solutions for various applications including multi-family, hospitality, commercial, and healthcare [2]. - The company operates from three facilities in Metro Detroit, utilizing vertically integrated capabilities such as punching, forming, welding, and powder coating to ensure speed, quality, and durability [2]. Strategic Implications - The acquisition aligns with ASSA ABLOY's strategy to enhance its position in mature markets by adding complementary products and solutions to its core business [4]. - ASSA ABLOY aims to broaden its range of solutions for customers, leveraging IDP's premium product portfolio and rapid lead times to meet the evolving needs of construction markets [5]. Leadership Perspectives - Isaac Benezra, Founder and former CEO of IDP, expressed excitement about the partnership with ASSA ABLOY, highlighting the hard work that has gone into building IDP and the potential for future growth [3]. - Nico Delvaux, President and CEO of ASSA ABLOY, welcomed IDP into the company, emphasizing the strategic benefits of the acquisition [4].
What You Need to Know Ahead of Allegion's Earnings Release
Yahoo Finance· 2025-10-06 12:04
Core Insights - Allegion plc is a security company based in Dublin, Ireland, with a market capitalization of $15.2 billion, specializing in mechanical and electronic security products [1] Financial Performance - Analysts anticipate Allegion to report a profit of $2.21 per share for fiscal Q3 2025, reflecting a 2.3% increase from $2.16 per share in the same quarter last year [2] - For the current fiscal year, the expected profit is $8.18 per share, an 8.6% increase from $7.53 per share in fiscal 2024, with further growth projected to $8.65 per share in fiscal 2026 [3] Stock Performance - Allegion's stock has increased by 21.5% over the past 52 weeks, outperforming the S&P 500 Index's 17.8% rise and the Industrial Select Sector SPDR Fund's 14.7% return [4] - Following the release of strong Q2 results, Allegion's shares rose by 6%, with Q2 revenue reaching $1 billion, a 5.8% increase on a reported basis and 3.2% on an organic basis, exceeding consensus estimates by 2% [5] Analyst Ratings - Wall Street analysts maintain a "Moderate Buy" rating for Allegion, with three out of eleven analysts recommending "Strong Buy" and eight suggesting "Hold" [6] - The mean price target for Allegion is set at $178.33, indicating a slight potential upside from current levels [6]
AB DAO Partners with Alpha Technology to Pioneer the AI+Blockchain Era
Prnewswire· 2025-03-19 10:11
Core Viewpoint - AB DAO has announced a strategic partnership with Alpha Technology Group Limited to enhance the application of AI and blockchain technology in supply chain management, enterprise operations, and IoT [1][4]. Company Overview - Alpha Technology Group Limited (ATGL), listed on Nasdaq in 2023, focuses on AI technology development, providing intelligent automation solutions through AI-powered ERP systems that improve corporate management efficiency [2]. - AB DAO is a leading provider of AI-driven blockchain infrastructure, having developed the AB IoT network to integrate blockchain and IoT technologies, with mature prototypes like smart energy meters and secure storage solutions [3]. Partnership Details - The partnership aims to leverage the complementary strengths of both companies to advance AI and blockchain integration in logistics, supply chain, and enterprise management, focusing on delivering efficient and secure industry solutions [4]. Ecosystem Expansion - AB DAO is expanding its ecosystem by listing its token $AB on multiple exchanges, including Bitget, HTX, and MEXC, with plans for further listings to accelerate global adoption [4]. - The goal of AB DAO is to reach 100 million $AB holders, indicating a strong focus on community growth and engagement [5].
Cemtrex(CETX) - Prospectus
2024-01-17 21:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Delaware 3590 30-0399914 (I.R.S. Employer Identification No.) FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CEMTREX, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) 135 Fell Court Hauppauge, NY 11788 Tel. no. (631) 756-9116 (Address and telephone number of principal executive of ices) The ...