Bertolotto Spa acquired Gardesa S.p.A. from ASSA ABLOY AB (publ) (OM:ASSA B) in the fourth quarter of 2020. Gardesa's total sales in 2020 was approximately €10 million. The transaction will have a positive effect on ASSA ABLOY's operating margin. The divestiture resulted in a capital loss and exit costs amounting to €18 million booked during the fourth quarter of 2020. Gianluca Ferrero and Nicola Marsella of SCGT acted as legal advisor to Bertolotto Spa. Bertolotto Spa completed the acquisition of Gardesa S.p.A. from ASSA ABLOY AB (publ) (OM:ASSA B) in the fourth quarter of 2020.