ASSA ABLOY Entrance Systems acquires Nassau in Denmark

ASSA ABLOY has signed an agreement to acquire Nassau in Denmark, an important European supplier of industrial overhead sectional doors.

"Nassau has a good foothold in a number of European markets and brings additional competence in sectional doors and service" says Juan Vargues, Executive Vice President ASSA ABLOY and President ASSA ABLOY Entrance Systems.

Nassau was established in 1970 and has some 360 employees. The company is headquartered in Ringe, Denmark. Sales for 2016 are expected to reach DKK 440 M (approx. SEK 540 million).

"This is another important step reinforcing our strategy to become the industry leader in entrance automation. We look forward to welcome the Nassau team to become part of ASSA ABLOY Entrance Systems" concludes Juan Vargues.

The acquisition is subject to regulatory approval. Closing is expected Q3, 2016.