ASSA ABLOY has acquired approximately 85.7% of the shares in Małkowski-Martech S.A. (“the Company”), 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 MPLN 33.
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.
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 MPLN 50 (approx. MSEK 110) with a good EBIT margin. The acquisition will be accretive to EPS from the start.
source: www.assaabloy.com
