Access control solutions manufacturer Assa Abloy announced last month that is has acquired FlexiForce, a manufacturer of components for industrial sectional doors and residential garage doors.
In a statement, Assa Abloy President and CEO Johan Molin said that the acquisition will help the company grow its position in the entrance automation market.
"FlexiForce adds a new and very important distribution channel to sectional door assemblers. This is an exciting and growing customer category where we see opportunities to develop even closer relationships with our customers. FlexiForce also adds a very well-reputed and competent management team and a dedicated workforce, whom we welcome to our group," said Juan Vargues, executive vice president of Assa Abloy and head of Entrance Systems division.
FlexiForce, which is based in the Netherlands, has 300 employees with subsidiaries in Europe, China and the U.S.