ASSA ABLOY acquires controlling stake in agta record

Niederer Kraft Frey advised ASSA ABLOY AB (publ), the largest global supplier of intelligent door opening solutions listed on Stockholm Stock Exchange, on the indirect acquisition of a 54% controlling interest in agta record ag. The share price per agta record share is EUR 70. The transaction value amounts to approx. EUR 933m.

Agta record group is one of the top players in the global market for automatic pedestrian doors headquartered in Switzerland and listed on Euronext in Paris. The completion of the acquisition is subject to approval of the competition authorities. If the acquisition of the controlling interest is successful ASSA ABLOY intends to launch a public tender offer to buy out remaining shareholders.

The NKF team was led by Corporate/M&A partners Thomas Brönnimann and Philippe Weber and further comprised Nicolas Birkhäuser (partner, Antitrust/Competition, IP) as well as Andrea Giger (senior associate, Corporate/M&A), Samuel Hochstrasser (associate, Corporate/M&A) and Alexis Brunner (junior associate, Corporate/M&A).