The European Commission said agta record's automatic pedestrian door business in the Netherlands, Austria, Hungary and Slovenia and Assa Abloy's automatic pedestrian business in the United Kingdom and France will be sold to a rival.

Agta Record's French industrial high-speed door business will also be divested. Assa Abloy also pledged to supply spare parts, related technical information and servicing tools on fair and reasonable terms including via an online marketplace.

The deal involves Assa Abloy, which already owns 39% of agta record, acquiring an additional 54% stake.

(Reporting by Foo Yun Chee)