# FAAC acquires parts of ASSA ABLOY's APD and HSD business in Europe

FAAC has acquired parts of ASSA ABLOY's APD and HSD business in Europe for EUR 100 million, with approximately EUR 93 million in sales and 600 employees. The acquisition was announced on 29 June 2020.

- Type: Acquisition
- Announced: 2020-06-29
- Value: $112.0M (100.0M EUR)
- Status: announced
- Products: automatic pedestrian doors, high-speed doors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ASSA ABLOY](https://endata.com/companies/37805.md) (target)
- [FAAC Technologies](https://endata.com/companies/48171.md) (acquirer)

## Sources

- [faactechnologies.com](https://faactechnologies.com/en/press-release/faac-acquisisce-da-assa-abloy-parte-del-suo-business-europeo-delle-porte-automatiche-e-a-scorrimento-veloce/), 2020-06-29: "A 100 million Euro acquisition for approximately 93 million Euro sales and 600 employees, the largest of FAAC history."

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