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 33 million pln.
Małkowski-Martech is a Polish producer of fire-rated curtains and gates, listed on the Warsaw Stock Exchange, NewConnect market.
“I am very pleased to welcome Małkowski-Martech into the ASSA ABLOY Group. I welcome this complementary business, specializing in fire rated curtains and gates,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“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.