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ASSA ABLOY acquires Pedestal PRO in the US

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STOCKHOLM, April 17, 2025 /PRNewswire/ — ASSA ABLOY has acquired Pedestal PRO, a US manufacturer of access control pedestals, bollards, and innovative mounting solutions.

“I am very pleased to welcome Pedestal PRO into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“Pedestal PRO is an established innovator that seamlessly integrates design, architectural elements, and access control technology, and I am excited for them to be part of ASSA ABLOY,” says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. “Their product portfolio enhances our offering for electromechanical solutions and solidifies our position as a go-to partner for access control equipment manufacturers, system integrators, and security professionals.”

Pedestal PRO was founded in 2002 and has some 50 employees. The main office and factory are located in Lindon, Utah, USA.

Sales for 2024 amounted to about MUSD 11 (approx. MSEK 120) with a good EBIT margin. The acquisition will be accretive to EPS from the start.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72        
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com

About ASSA ABLOY

ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

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ThreatBook Named a “Strong Performer” in the Gartner® Voice of the Customer for NDR Report for the Fourth Consecutive Year

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SINGAPORE, Nov. 11, 2026 /PRNewswire/ — Recently, Gartner released its 2026 “Voice of the Customer for Network Detection and Response (NDR)” report. On the strength of TDP’s user reputation and product capabilities, ThreatBook has been named in the “Strong Performer” quadrant for the fourth consecutive year.

Gartner Peer Insights “Voice of the Customer” is based on genuine reviews from enterprise users and provides a peer-perspective reference for technology and service procurement across two dimensions: “User Interest and Adoption” and “Overall Experience.”

According to Gartner: “The Voice of the Customer covers vendors whose products fit this market and that had 20 or more eligible published reviews during the 18-month evaluation period ending August 31, 2026. Reviews submitted by vendor partners and by companies with revenue of less than US$50 million are excluded. In the Network Detection and Response market, Gartner Peer Insights published a total of 1,245 reviews and ratings during this evaluation period.”Of these, ThreatBook TDP received 84 reviews from users worldwide in the finance, manufacturing, energy, IT and retail industries, with a five-star positive review rate of 100% and a willingness to recommend of 97%, and multiple metrics, including product experience, are industry-leading. Selected reviews are as follows:

 

 

Currently, ThreatBook TDP has been deployed at thousands of leading enterprises in key industries such as finance, energy, electric power, internet and intelligent manufacturing, helping users achieve visible, precise and proactive defense in a dynamic threat environment.

In terms of visibility, TDP supports on-premises, multi-cloud and hybrid network deployments, monitoring all north-south and east-west traffic both in the cloud and on-premises in a unified manner, providing users with consistent network visibility and attack surface discovery capabilities.In terms of threat detection, TDP achieves a false positive rate below 0.003%, precisely detecting unknown threats such as 0-day attacks, encrypted attacks and covert tunnels; at the same time, it intelligently aggregates attack chains from the attacker’s perspective to fully reconstruct the attack process.In terms of automated response, TDP supports automated bypass blocking and integrates with security products from dozens of brands to achieve closed-loop remediation; in addition, TDP can also connect with AI security agents such as Flocks, greatly improving operational efficiency, and is highly recognized by enterprises across industries.

With its leading real-world detection and response capabilities, ThreatBook TDP has repeatedly been recognized by authoritative international institutions, and was recently named in the first quadrant of the “Frost Radar: Network Detection and Response (NDR), 2026” report as the only company from China. Going forward, ThreatBook will continue to leverage its core AI+TI capabilities to provide industry users with more trustworthy network detection and response support.

Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research and advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER and PEER INSIGHTS are trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and are used herein with permission. All rights reserved.

About ThreatBook

ThreatBook is the agentic security company focused on AI for Security, and Security for AI. Founded in 2015, ThreatBook is a global cybersecurity company that combines AI with deep threat intelligence to defend enterprises across all stages of the security lifecycle: precision, automated triage and response, and risk reduction. 

With unique vantage points across the Asia Pacific region, ThreatBook delivers intelligence that bridges Eastern and Western threat landscapes, providing an unmatched perspective for global defenders against nation-state actors, cybercriminal groups, and emerging attack campaigns. ThreatBook operates the #1 security community in APAC and empowers the industry with free security tools. 

ThreatBook is accredited by Singapore’s Infocomm Media Development Authority (IMDA), recognized for the company’s innovative and robust suite of agentic security solutions. Furthermore, leading analyst firm Forrester recognized ThreatBook in Forrester’s Network Analysis and Visibility Solutions Landscape, Q2 2025 report, whereby ThreatBook was one of a limited number of vendors cited. ThreatBook received two accolades at the CybersecAsia Readers’ Choice Awards 2026: the “Best in AI-Powered Cybersecurity” award; and the “Rising Star” award. More recently, ThreatBook TDP was recognized by Gartner Peer InsightsTM as a ‘strong performer’ in the 2026 Voice of the Customer report for Network Detection and Response (NDR).

To learn more, visit www.threatbook.io or follow us on LinkedIn.

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SOURCE ThreatBook

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Nexteer Announces First Share Repurchase Programme of Up to US$60 Million

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Programme reflects confidence in long-term prospects and commitment to disciplined capital allocation.

HONG KONG, Nov. 12, 2026 /PRNewswire/ — Nexteer Automotive today announced that its Board of Directors has approved on November 12, 2026, the Company’s first share repurchase programme of up to US$60 million, equivalent to approximately HK$471 million.

The programme reflects the Board’s confidence in Nexteer’s business and long-term prospects. The Group’s strong liquidity position supports returning capital to shareholders while continuing to invest in the business and its future development.

Disciplined Capital Allocation

The programme complements Nexteer’s dividend distributions and represents a further step in returning capital to shareholders. It follows the dividend paid out in July 2026 of approximately US$46 million, representing 45% of the Company’s net income attributable to shareholders for the year ending December 31, 2025 —and the highest dividend payout ratio in the Company’s history.

Nexteer remains committed to disciplined capital allocation, balancing investment in the business with opportunities to enhance shareholder returns and create long-term value.

Share Repurchase Programme Details

Repurchases will be made on The Stock Exchange of Hong Kong Limited under the general repurchase mandate granted by shareholders on June 17, 2026, in accordance with applicable listing rules, laws and regulations and the Company’s memorandum and articles of association. The Company may cancel any shares repurchased at the relevant times of the repurchases.

The programme is expected to run from Board approval until the conclusion of Nexteer’s next annual general meeting, unless amended or terminated earlier by the Board. Implementation will depend on market conditions, the Company’s capital requirements and the Board’s continuing assessment. The timing, number and price of repurchases will be determined from time to time at the Board’s discretion. There is no assurance as to the timing, quantity or price of any repurchase, or that the programme will be implemented in full or at all. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s securities.

ABOUT NEXTEER AUTOMOTIVE  

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports by-wire chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com  

Visit Nexteer’s Investor Announcements

 

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SOURCE Nexteer Automotive

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Nanjing Offers a Window into the Yangtze River’s Cultural Heritage and Renewal

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NANJING, China, Nov. 11, 2026 /PRNewswire/ — Flowing from west to east across China, the Yangtze River connects regions with distinct traditions and a shared cultural heritage. On November 10, scholars and cultural experts from across the river basin gathered in Nanjing for an event themed “One River, a Shared Heritage: Embracing a New Era.” Hosted by the Publicity Department of the CPC Nanjing Municipal Committee and organized by the Nanjing Yangtze River Culture Institute and other partners, the gathering brought together participants from the Bashu (Sichuan and Chongqing), Yunnan–Guizhou, Hubei, Hunan, Jiangxi–Anhui and lower Yangtze cultural regions to explore the richness of Yangtze River culture. Two research publications were released: the Blue Book of Yangtze River Culture: Report on Yangtze River Cultural Development (2025–2026) and the China Yangtze River Cultural Development City Index Report (2026).

Situated where the Yangtze River Economic Belt and the Yangtze River Delta integration initiative intersect, Nanjing is also a key city in the development of the Yangtze River National Cultural Park. In recent years, the city has worked to restore the river’s natural environment while preserving and sharing the cultural heritage along its banks, seeking to set an example for other communities along the Yangtze. Drawing on the historic sites lining its waterfront and its own transformation into a modern city, Nanjing has expanded research into the river’s cultural legacy and encouraged literature and art inspired by the Yangtze. The city is also exploring what that heritage means today, bringing academic research together with new approaches to cultural preservation and public engagement. These efforts offer a revealing glimpse of how the river’s history and traditions can be kept alive and made relevant to contemporary life.

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SOURCE Nanjing Municipal Committee Propaganda Department

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