IFLR1000

Assa Abloy €567 million acquisition of 53.75% stake in agta record

7/3/2019
Public acquisition
Select tab

Af 567 million

$ 637.111 million

Announced

7/3/2019

Overview:

  • Swedish lock manufacturer Assa Abloy has agreed to acquire 53.75% stake in Swiss automatic doors manufacturer Agta Record for €567 million.
  • Following the acquisition, Assa Abloy, already the owner of a 39% shareholding, will own 93.77% of Agta Record's share capital, which is valued at €933 million in total.

Rajeeb Gurung - Researcher

Jurisdictions:

France
Switzerland

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firms:
CMS

Party: CMC-CIC Investissements (Seller)

Party: Banque Fédérative du Crédit Mutuel (BFCM) (Seller)

Party: 3B Finance (Seller)

Lawyers: Alain Raemy, Daniel Jenny, Stefan Brunnschweiler

Franklin

Party: Assa Abloy (Acquirer)

Niederer Kraft Frey

Party: Assa Abloy (Acquirer)

Lawyers: Philippe Weber, Thomas Brönnimann

Related deals