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

7/3/2019
Public acquisition

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

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