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ASSA ABLOY completes 2021 with Polish acquisition

Assa Abloy has acquired approximately 85.7% of the shares in Małkowski-Martech S.A. from the Małkowski family, through an off-market transaction. The purchase price for the 85.7% of the shares in the company amounts to approximately MEUR 7,28.

Małkowski-Martech is a Polish producer of fire rated curtains and gates.

“The addition of market leading fire rated curtains and gates from Małkowski-Martech strengthens our commercial fire rated door product portfolio. The combined offering allows us to even better address the customer needs for flexibility in building design and ease of installation,” says Neil Vann, Executive Vice President of Assa Abloy and Head of EMEIA Division.

Małkowski-Martech was established in 2000 and has some 150 employees. The main office is located in Czołowo, Poland.

Sales for 2020 amounted to about MEUR 11 with a good EBIT margin. The acquisition will be accretive to EPS from the start.

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