M&A Deal Summary

ASSA ABLOY Acquires Forte

On September 21, 2023, ASSA ABLOY acquired manufacturer Forte

Acquisition Highlights
  • This is ASSA ABLOY’s 9th transaction in the Manufacturing sector.
  • This is ASSA ABLOY’s 1st transaction in Peru.

M&A Deal Summary

Date 2023-09-21
Target Forte
Sector Manufacturing
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

Forte

Peru
Forte is a residential door locks and padlocks manufacturer.

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Buyer(S) 1

Buyer

ASSA ABLOY

Stockholm, Sweden

Category Company
Founded 1954
Sector Manufacturing
Employees64,460
Revenue 150.2B SEK (2024)
DESCRIPTION

ASSA ABLOY is a provider of access solutions. Every day, help people feel safe, secure, and experience a more open world. ASSA ABLOY was founded in 1954 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 114 of 146
Sector: Manufacturing M&A 9 of 17
Type: Add-on Acquisition M&A Deals 110 of 141
Country: Peru M&A 1 of 1
Year: 2023 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Gallery Specialty Hardware

Toronto, Ontario, Canada

Gallery Specialty Hardware is a provider of commercial hinges, locksets, exit devices and door hardware accessories. Gallery Specialty Hardware was founded in 1989 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Securitech Group

Maspeth, New York, United States

Securitech Group is a manufacturer of high-security mechanical and electronic door hardware products. Securitech Group was founded in 1983 and is based in Maspeth, New York.

Buy -