18 Oct 2010
ASSA ABLOY has signed an agreement to acquire 32.95
percent of the Swiss entrance automation company Agta Record from
The Agta Record Group is a well established
manufacturer of automatic entrance systems. The Group is
headquartered in Fehraltorf, Switzerland and has 1,700 employees.
Agta Record's sales for 2009 amounted to EUR 222 M.
"The stake in Agta Record further strengthens our
successful expansion within the entrance automation area. We are
supportive of Agta Record's strategy and management and will seek
to engage with majority and other shareholders regarding
acquisition of additional shares," says Johan Molin, President and
CEO of ASSA ABLOY.
The purchase price is EUR 25 per share and
involves approximately 4.4 million shares. The acquisition is
subject to anti-trust approvals.
For more information, please
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506
English (United States)
The global leader in door opening solutions
© ASSA ABLOY 2013 | Legal | Cookies | Email: