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ASSA ABLOY Acquires Dynaco

A leading producer of high-speed doors

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

ASSA ABLOY has signed an agreement to acquire Dynaco in Belgium. Dynaco is a leading producer of high-speed doors specialized in sales to a global network of distributors.

“Dynaco is another strategic step and a perfect fit to our expansion into Entrance Automation. I welcome this new addition that further reinforces the ASSA ABLOY Group’s leadership in high speed doors. Dynaco adds, besides a well known and respected brand, very innovative products and global distribution” said Johan Molin, president and CEO of ASSA ABLOY.

“With the addition of Dynaco, we further enhance our position in high-speed doors, a fast-growing segment of the market. The Dynaco team brings expertise in manufacturing with many leading patented products and with a global distribution channel. I welcome Dynaco to the division as a very attractive strategic addition to our competencies,” said Juan Vargues, executive vice president of ASSA ABLOY and head of Division Entrance Systems.

Dynaco has 140 employees with the main facility in Moorsel, Belgium. Sales is expected to reach €51M in 2012. The deal is expected to close during the first half of 2012 after relevant regulatory approvals.

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