ASSA ABLOY to acquire VHS.

ASSA ABLOY, a firm that develops, designs, and manufactures a complete range of door opening solutions, agreed to acquire VHS, a firm that develops, designs, and manufactures a complete range of door opening solutions. Financial terms were not disclosed. "We are very excited about the acquisition of VHS. This transaction is a step change to our existing trading business in Turkey and reinforces our long-term commitment to the local market. VHS offers a strong range of window and door hardware products that will complement our offer in Turkey. VHS has a great team of people that I welcome to the ASSA ABLOY family and it gives us a local manufacturing footprint that offers great opportunities,” Neil Vann, ASSA ABLOY Executive Vice President and Head of EMEIA Division.