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ASSA ABLOY filed a simplified public tender offer for the remaining outstanding shares of agta record.
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.
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.
ASSA ABLOY announced it will acquire a majority stake in agta record, a manufacturer of automatic door systems.