Announced

Assa Abloy to acquire Door System.

Synopsis

Assa Abloy, access solutions company, to acquire Door System, a door manufacturer of high-quality fire rated doors with particular expertise in the pharmaceutical, food and retail industries. Financial terms were not disclosed. "I am delighted that Door System will join the EMEIA Division. Their strong expertise in high-quality fire rated doors aligns well to our door segment vision, providing exceptional combined fire-rated, freezer and hygienic door solutions across industries through focus on innovation and excellence. We welcome the team at Door System to the ASSA ABLOY family," Neil Vann, ASSA ABLOY Executive Vice President.

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