Announced
Completed
Financials
Sources
Tags
Peru
Majority
Completed
Friendly
Single Bidder
door locks
Acquisition
Cross Border
Private
Specialty Retailers
Synopsis
ASSA ABLOY, a conglomerate whose offerings include products and services related to locks, doors, gates, and entrance automation, completed the acquisition of Forte, a residential door locks and padlocks manufacturer. Financial terms were not disclosed. "I am very pleased to welcome Forte into the ASSA ABLOY Group. This constitutes an important next step in our strategy to further strengthen our position in emerging markets,” says Nico Delvaux, President and CEO of ASSA ABLOY.
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