Announced
Financials
Tags
record operations
Friendly
Building Materials: Other
Single Bidder
United Kingdom
Austria
Hungary
pedestrian doors
Private
France
Sweden
Majority
Pending
Netherlands
Acquisition
Capital Goods
automatic doors
Switzerland
Cross Border
Synopsis
FAAC Group, an automation company, agreed to acquire certain businesses of Assa Abloy, a Swedish conglomerate whose offerings cover products and services ranging from locks, doors, gates and entrance automation, for $112m. The deal was made as part of the commitments to address the competition concerns of the EU Commission in connection with the acquisition of the Swiss company agta record by Assa Abloy. The divested business includes the agta record operations in the Netherlands, Austria, Hungary and Slovenia, as well as the Assa Abloy automatic pedestrian door business in France and the UK. In addition, agta record's high-speed door business located in France is also included.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.