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Synopsis
ASSA ABLOY, a Swedish conglomerate whose offerings include products and services related to locks, doors, gates, and entrance automation, completed the acquisition of Ghost Controls, a US supplier of automated residential gate openers. Financial terms were not disclosed. "I am very pleased to welcome Ghost Controls into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business," Nico Delvaux, ASSA ABLOY President and CEO.
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