Announced
Completed
Financials
Tags
Single Bidder
Majority
Acquisition
Friendly
sensor technology
Private
Switzerland
Electronic Components and Equipment
Cross Border
Private Equity
Completed
Synopsis
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.
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