# Assa Abloy cleared to acquire majority stake in Agta Record

Assa Abloy received EU Commission clearance to acquire 54% of shares in Agta Record, increasing its stake to 93%. The acquisition is expected to close in the second half of 2020.

- Type: Acquisition
- Announced: 2020-04-17
- Where: Switzerland
- Status: announced
- Products: automatic doors, high-speed doors
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [ASSA ABLOY](https://endata.com/companies/37805.md) (acquirer)
- [agta record](https://endata.com/companies/37806.md) (target)

## Sources

- [usg.mydigitalpublication.com](https://usg.mydigitalpublication.com/articles/mergers-acquisitions?article_id=3655849&i=657739), 2020-04-17: "Receiving the EU Commission's approval is an important step toward completing the acquisition of Agta Record and we look forward to welcoming the Agta Record people to our group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.