Lock and hardware factory taken over
Assa Abloy in Albstadt, Germany, has signed an agreement to acquire MSL Schloss- und Beschlägefabrik AG.
The Swiss provider, headquartered in Kleinlützel near Basel, has over 100 employees. With the acquisition, Assa Abloy strengthens its position as a leading provider of locking solutions and security systems around the door, it says.
"With the acquisition of MSL, the internationally active group gains size in Switzerland as well as in the DACH region and closes a gap in its own portfolio," says Stefan Fischbach of Assa Abloy.
MSL will continue to operate as an independent business unit under the existing management team and employees. As a result, the takeover will have no negative impact on existing employees and the site in Kleinlützel (SO) will remain unchanged.
The transaction is expected to be completed in the 2nd quarter of 2015. Further information can be found on the homepage of MSL Lock and Fittings Factory Ltd. or from Assa Abloy
"There are already great similarities between MSL and Assa Abloy. By becoming part of the Group, we have the opportunity to leverage the strengths of both companies and serve our customers even better" - Xaver Allemann
