Ardian to acquire a majority stake in Fermax for $220m.

Ardian, a private equity firm, agreed to acquire a majority stake in Fermax, a company specializing in electronic door entry systems, for $220m. “We would like to express our sincere gratitude to MCH and Eurazeo. Their support and strategic vision have been instrumental in achieving the milestones we celebrate today. The evolution of Fermax in recent years has been exceptional. We have demonstrated our ability to combine the financial performance expected by our shareholders with the service excellence demanded by our customers and the close relationships that have always defined us. We are deeply honoured to partner with Ardian, one of the world’s leading investment funds, as we continue to drive Fermax’s ambitious development, jointly fostering innovation and accelerating inorganic growth,” Jeremy Palacio, Fermax President and CEO.