ASSA ABLOY acquires JOTEC in Germany
ASSA ABLOY has signed an agreement to acquire JOTEC Service & Vertriebsges.mbh, a regional leading industrial door distributor and service company in Germany. "I am very pleased to welcome JOTEC into the ASSA ABLOY Group. The acquisition of JOTEC delivers on our strategy to reinforce our current offering within entrance automation,” says Nico Delvaux, President and CEO of ASSA ABLOY. “JOTEC has a strong offering, a well-developed service business, and a large customer base. I am pleased to welcome their experienced team to ASSA ABLOY and look forward to working with them as we