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30/06/2020
14:04
M&A: Assa Abloy selling businesses due to acquisition of Agta Record

Assa Abloy has entered into binding agreements with Italy's FAAC Group on the sale of a number of to Agta Record and Assa Abloy assets as required by the EU Commission due to the acquisition of Agta Record (Switzerland), Assa Abloy informed.

In particular, some of the Agta Record enterprises in the Netherlands, Austria, Hungary and Slovenia, as well as Assa Abloy businesses in France and the UK will be sold.

The acquisition of Agta Record is expected to be completed in July 2020.

Assa Abloy Group is a global leader in door systems and room access automation solutions.


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