M&A Deal Summary

ASSA ABLOY Acquires Portafeu

On May 10, 2011, ASSA ABLOY acquired metals/mining company Portafeu

Acquisition Highlights
  • This is ASSA ABLOY’s 4th transaction in the Metals/Mining sector.
  • This is ASSA ABLOY’s 1st transaction in France.

M&A Deal Summary

Date 2011-05-10
Target Portafeu
Sector Metals/Mining
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

Portafeu

Romilly-sur-Andelle, France
Portafeu is a provider in customized fire doors. Portafeu offers fire-rated flame-retardant, firebreak and blast-resistant doors for commercial and residential customers as well as for special closures.

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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 35 of 147
Sector: Metals/Mining M&A 4 of 7
Type: Add-on Acquisition M&A Deals 34 of 142
Country: France M&A 1 of 3
Year: 2011 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-06 FlexiForce Group B.V.

Barneveld, Netherlands

FlexiForce Group B.V. is a provider in components for industrial sectional doors and residential garage doors. FlexiForce is specialized in manufacturing and distribution of components for overhead doors with a strong position in R&D, distribution and a solid customer base.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-04 Lorentzen & Wettre

Kista, Sweden

Lorentzen & Wettre is a manufacture of equipment for quality control, process optimization and test instrumentation for the pulp and paper industry.

Sell kr750M