Transaction Announcement – agta record acquires Isea France
agta record has reached an agreement to acquire Isea France, the second largest manufacturer of roller shutters and sectional doors in France, with expected sales close to EUR 14 million.
This acquisition offers a much broader range of products to the Group’s European subsidiaries and will contribute significantly to grow maintenance sales.
Isea France will be consolidated from 1 February and will contribute positively to the Group’s results as soon as 2014.
agta record has also acquired Ascenseurs Méditerranée in October last year. 2013 sales were close to EUR 4.5 million.
agta record is actively engaged in several other deals in Europe, the U.S. and Asia which could lead to additional acquisitions in 2014.
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About agta record:
Ranking among the top players in the global market for automatic pedestrian doors, agta record calls on its integrated technological and commercial know-how. The Group’s extensive expertise covers the design, production, marketing, installation and maintenance of a large range of automatic doors.
Headquartered in Switzerland, agta record sells its products and services across the globe and is directly present with subsidiaries in 14 countries. agta record is listed on Euronext Paris, foreign stocks. ISIN: CH0008853209
Hubert Jouffroy – Chairman of the Board – email@example.com