ASSA ABLOY has signed an agreement to acquire Amarr, the third major player in the North American sectional door market, with a very strong and attractive market position
ASSA ABLOY has signed an agreement to acquire Amarr, the third major player in the North American sectional door market, with a very strong and attractive market position.
”Amarr is another important building block for the ASSA ABLOY Group in building global leadership within Entrance Automation. I welcome Amarr and its employees to the Group, constituting the basis for further expansion on the North American market.”, commented Johan Molin, President and CEO of ASSA ABLOY.
”Amarr's size, product offering and market position give a strong footprint within sectional doors in North America.” commented Juan Vargues, Executive Vice President of ASSA ABLOY and Head of Division Entrance Systems.
The company was founded in 1951 and is based in Winston-Salem, North Carolina with operations in USA, Canada and Mexico.
The transaction is expected to close during Q4 2013.