Kudelski's Strategic Sale of Skidata to Assa Abloy
Monday, 22 July 2024, 05:52
Kudelski's Strategic Sale
Kudelski, the renowned encryption and access solutions expert, has made a significant decision to sell Skidata to Assa Abloy. This transaction is part of a broader strategy to enhance liquidity.
Objective of the Sale
- Raising liquidity
- Repaying a bond worth 145.9 million CHF
- Due in September
This sale is indicative of Kudelski's efforts to stabilize its financial standing while fulfilling imminent obligations.
In conclusion, the sale not only assists in managing current liabilities but also positions Kudelski for potential future endeavors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.