ASSA ABLOY Entrance Systems acquires Nergeco in France

ASSA ABLOY has signed an agreement to acquire Nergeco, the major high-performance door player in France.

“Nergeco’s market position, competence and product offering is an addition to our current high-performance portfolio, giving us a strong footprint in France and further reinforcing our global position in high-performance doors” says Juan Vargues, Executive Vice President ASSA ABLOY and President ASSA ABLOY Entrance Systems.

Nergeco was established in 1981 and has some 150 employees. The head office and factories are located in Dunières, France. Sales for 2015 are expected to reach EUR 35 M (approx. SEK 325 M).

“This is another important step in our growth strategy to become the industry leader in Entrance Automation. Nergeco’s know-how, experience and passion for doors is an excellent fit with our existing operations and we look forward to grow further together” concludes Juan Vargues.