Sales for 2019 are expected to reach about USD $30 million with a good EBIT margin and the acquisition will be accretive to ASSA ABLOY earnings per share from the start.Power is a great complement to our access control portfolio we are looking forward to incorporating their knowledge of power supply as well as power consumption throughout our access control portfolio, says Lucas Boselli, executive vice president of ASSA ABLOY and Head of the Americas Division.transaction demonstrates Imperial Capital deep category expertise in hardware, software and service businesses in the broadly defined security sector. LifeSafety intelligent power platform was identified by Imperial early on as a highly innovative and novel power delivery and management platform for critical security and life safety systems that provides integrators and property owners enormous productivity gains and savings, said Bill Lynch, Managing Director of Investment Banking at Imperial Capital.Capital understood our business and ran a very thorough process to help us find the right partner in ASSA ABLOY who will take our business to the next level, said Larry Ye, CEO, LifeSafety Power. He continued to say, excited about the acquisition and the opportunity to continue to innovate under the strength of the ASSA ABLOY platform.About Imperial Capital, LLCImperial Capital, founded in 1997, is a full service investment banking firm with offices in Los Angeles, New York, London, Stamford, Boston, Chicago, Houston and Tel Aviv.
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