Assa Abloy to acquire AM Group.

Assa Abloy, a manufacturer of access solutions is set to acquire AM Group, an industrial door manufacturer. Financial terms were not disclosed. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the first quarter of 2020. "I am very pleased to welcome AM Group and their employees into the ASSA ABLOY Group. I welcome this complementary addition to our business, specializing in innovative entrance automation," Nico Delvaux, Assa Abloy President, and CEO.