On the evening of Thursday 27 February, the European Commission authorised the acquisition of Agta Record by Assa Abloy. The authorisation is subject to the implementation of a set of corrective measures by Assa Abloy.
Assa Abloy and Agta Record are two of the leading original equipment manufacturers (OEMs) of automatic pedestrian doors in the European Economic Area (EEA) and major OEMs of industrial doors.
The Commission was concerned that the proposed acquisition could significantly...