Recent events
Recent events tied to this brand in public sources.
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2020
FAAC announces agreement to acquire TIBA Parking Systems
FAAC announced a binding agreement to acquire all shares of the TIBA group from TENE Capital, the Afcon group, and minority shareholders. The transaction remained subject to closing conditions, with closing expected by mid-January 2021.
2020
FAAC agrees to acquire part of ASSA ABLOY’s APD and HSD business in Europe
FAAC announced that it had signed a binding agreement to purchase from ASSA ABLOY parts of Agta Record Group and related subsidiaries operating in the automatic pedestrian door and high-speed door segments. The transaction remained subject to customary closing conditions and approvals, expected in the third quarter of 2020.