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Assa Abloy Acquires Chicago Distributor Door Systems
Wednesday 11 July 2018

11 July 2018 - Sweden-based door opening solutions provider Assa Abloy has acquired Chicago, US-based Door Systems, a distributor of commercial doors, residential sectional doors, high speed doors and docking solutions, the company said.
Terms of the transaction were not disclosed.
Assa Abloy the acquisition reinforces ASSA ABLOY's leadership in entrance automation where sales have grown from SEK 3.0bn in 2008 to SEK 22bn in 2017.
Assa Abloy is in door opening solutions, focussed on end-user needs for security, safety and convenience.
Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 47,500 employees, operations in more than 70 countries and sales of SEK 76bn.
Details
Date Published: 11/07/2018
Target: Door Systems
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Assa Abloy
Comment:
Terms of the deal were not disclosed

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