Flexible Electronics News

ASSA ABLOY Acquiring Majority Stake in agta record

agta record is a well-established manufacturer and service organization dedicated to automatic pedestrian entrance systems.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

After the acquisition of the 39%  holding back in 2011, ASSA ABLOY has entered into an agreement with the founding family and the other shareholders of Agta Finance to indirectly acquire their 54% holding in agta record.   After the completion of the acquisition, which is conditional upon EU antitrust authorities approval in particular, ASSA ABLOY will own approximately 93% of the share capital and voting rights of the company and will launch a public tender offer for the remaining outstanding s...

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