FAAC S.p.A. entered into binding agreement to acquire Certain Agta Record and Automatic Pedestrian Door Business from ASSA ABLOY AB (publ) (OM:ASSA B) for €100 million on June 29, 2020. The selling price for the divestiture is €100 million on a cash and debt free basis. The divested business includes the agta record operations in the Netherlands, Austria, Hungary and Slovenia, as well as the ASSA ABLOY automatic pedestrian door business in France and the UK. In addition, agta record´s high-speed door business located in France is also included. The divested business had a turnover in 2019 of approximately €93 million. The divestiture is subject to customary closing conditions and is expected to close during the third quarter of 2020. BNP Paribas SA acted as financial advisor to Certain Agta Record and Automatic Pedestrian Door Business of ASSA ABLOY AB. Riccardo Roversi, Alessandro Villa and Giulia Basile of Osborne Clarke LLP acted as legal advisors to FAAC S.p.A.