capiton completed the acquisition of CEDES from ASSA ABLOY.

capiton, an investment company in Berlin, completed the acquisition of CEDES, a sensor technology business, from ASSA ABLOY, a Swedish conglomerate. Financial terms were not disclosed. "CEDES now has the investment and expertise to grow and expand its core business of elevator sensors, allowing us to focus our resources on our core business of automated doors. CEDES is a well-performing business with high-quality products, and we will continue to partner with the company as a preferred external supplier," Christopher Norbye, ASSA ABLOY Executive Vice President and Head of Entrance Systems Division.