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M&A Deal Summary

ASSA ABLOY Acquires Record Group

On August 20, 2020, ASSA ABLOY acquired building materials company Record Group

Acquisition Highlights
  • This is ASSA ABLOY’s 46th transaction in the Building Materials sector.
  • This is ASSA ABLOY’s 2nd transaction in Switzerland.

M&A Deal Summary
Date 2020-08-20
Target Record Group
Sector Building Materials
Buyer(s) ASSA ABLOY
Deal Type Add-on Acquisition

Target

Record Group

Fehraltorf, Switzerland
Record Group is a designer and manufacturer of automatic doors. The core product range of record includes all types of sliding doors, telescopic, swing or folding as well as revolving doors.

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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 92 of 146
Sector: Building Materials M&A 46 of 60
Type: Add-on Acquisition M&A Deals 89 of 141
Country: Switzerland M&A 2 of 2
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-03 FocusCura BV

Driebergen-Rijsenburg, Netherlands

FocusCura BV is a provider of technology solutions for senior care in the Dutch market. FocusCura has developed a software platform, which in combination with other products and technology services, enables elderly care organizations to focus on care. FocusCura was founded in 2003 and is based in Driebergen-Rijsenburg, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-07 CEDES

Landquart, Switzerland

CEDES is a manufacturer of sensor technology for lifts and doors. Its products, which work with infrared and image processing technology, are used for the automation of lifts, escalators, and building entrances. Cedes was established in 1986 and is headquartered in Landquart, Switzerland.

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