ASSA ABLOY acquires stake in Agta Record
(Thomson Reuters ONE) -
ASSA ABLOY has signed an agreement to acquire 32.95 percent of the Swiss
entrance automation company Agta Record from Somfy
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 contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506 485 72
[HUG#1452498]
Press release PDF:
http://hugin.info/1014/R/1452498/393286.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ASSA ABLOY via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 18.10.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 45779
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contact information:
Town:
Stockholm
Kategorie:
Business News
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